Synthetic LIBOR: Difference between revisions
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imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Typo correction. Edwin.) |
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:<span style="color:#4B0082">'''''Key points for corporates from | :<span style="color:#4B0082">'''''Key points for corporates from Edwin Schooling-Latter's speech (FCA) - synthetic LIBOR'''''</span> | ||
:"While the FCA is also taking steps to provide a time limited safety net to help contracts that can’t be transitioned, this does not remove the need for firms to act. | :"While the FCA is also taking steps to provide a time limited safety net to help contracts that can’t be transitioned, this does not remove the need for firms to act. | ||
Revision as of 23:44, 17 July 2021
Interest rates - reference rates - LIBOR transition - Financial Conduct Authority.
Proposals for the continued calculation and publication of a limited number of sterling and JPY rates under a changed methodology, after the cessation of the current LIBOR panels at the end of 2021.
- Key points for corporates from Edwin Schooling-Latter's speech (FCA) - synthetic LIBOR
- "While the FCA is also taking steps to provide a time limited safety net to help contracts that can’t be transitioned, this does not remove the need for firms to act.
- Certain, yet to be determined ‘tough legacy’ contracts will be allowed to use a synthetic LIBOR rate based on forward-looking term RFRs, so SONIA for sterling, plus the relevant ISDA spread adjustment."
- ACT blog - Sarah Boyce - 15 July 2021
See also
- Benchmarks Regulation
- Financial Conduct Authority (FCA)
- ISDA spread adjustment
- Legacy
- LIBOR
- Risk-free rates (RFR)
- SOFR
- SONIA
- Transition risk
