As if they didn’t have enough to deal with, banks are faced with a succession of serious challenges over the next two years as they face up to the reality of the end of Libor. Firstly, they must ...

During the London InterBank Offered Rate (LIBOR) transition, and post LIBOR’s end date of June 30, 2023, the goal for all should be that (1) the effective interest rates be generally economically ...

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...

The Financial Conduct Authority (FCA) has confirmed that 85 per cent of the uncleared UK derivatives market are ready for the end of the London interbank offered rate (LIBOR) as 12,500 firms sign the ...

The Federal Reserve has issued guidance to assist examiners in assessing supervised firms’ progress in preparing for the London Interbank Offered Rate (LIBOR) transition. The interagency statement ...

The UK’s Financial Conduct Authority (FCA) today issued a reminder of the expected cessation of the remaining synthetic US dollar LIBOR settings in late September 2024. With three months to go until ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Euro LIBOR was the London Interbank Offered Rate (LIBOR) denominated in euros.

MCLEAN, Va., May 16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that, in addition to the fallback information on Freddie Mac legacy LIBOR-indexed securities currently posted to ...

Two years after the U.K. Financial Conduct Authority announced an end date for the London interbank offered rate, there has been an alarming lack of progress in preparing for a conversion to a new ...

A jumbo countdown timer has been sitting on Tom Wipf’s desk in Morgan Stanley’s New York office for the past four years, ticking down the seconds until midnight on June 30. That is the moment when the ...

May 11 (Reuters) - The Libor benchmark is unreliable and the market volatility seen at the start of the pandemic is evidence that funding markets based on the rate can crumble under stress, New York ...

LONDON (Reuters) - There should not be any disruption in the transition to a new system for setting benchmark lending rates after a raft of reform proposals, the regulator tasked with fixing the Libor ...