imported>Doug Williamson |
imported>Doug Williamson |
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| ''Interest rates - reference rates - LIBOR transition - Financial Conduct Authority.''
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| 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.
| | A synthetic forward foreign exchange contract. |
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| :<span style="color:#4B0082">'''''Key points for corporates from Edward Schooling-Latter's speech (FCA) - synthetic LIBOR'''''</span>
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| :"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.
| | A synthetic forward interest rate contract. |
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| :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."
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| :''ACT blog - Sarah Boyce - 15 July 2021''
| | See also |
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| | * [[Synthetic]] |
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| == See also ==
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| * [[Benchmarks Regulation]]
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| * [[Financial Conduct Authority]] (FCA)
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| * [[ISDA spread adjustment]]
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| * [[Legacy]]
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| * [[LIBOR]]
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| * [[Risk-free rates]] (RFR)
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| * [[SOFR]]
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| * [[SONIA]]
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| * [[Transition risk]]
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| ==External link==
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| [https://www.fca.org.uk/news/statements/fca-consults-proposed-decision-require-synthetic-libor-6-sterling-and-japanese-yen-settings FCA consults on proposed decision to require synthetic LIBOR for 6 sterling and Japanese yen settings]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]] | | [[Category:Manage_risks]] |
| [[Category:Risk_frameworks]] | | [[Category:Manage_risks]] |
| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]]
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