News
Japanese Bank Has Big LIBOR Exposure
Japanese financial system has over 2,600 trillion yen, around USD 24 trillion, worth of contracts based on the almost obsolete LIBOR benchmark. Japanese institutions has
Potential Turbulence for CLOs
Managers of US collateralized loan obligations are worried that a lack of consensus for the replacement of LIBOR could cause potential volatility in the fourth
ICE Launches SONIA ‘Beta’ Rate
ICE, a leading global provider of data, technology, and market infrastructure has announced that it has launched GBP SONIA Spread-Adjusted ICE Swap Rate ‘Beta’ Settings.
Reference Cost of Money Will Change
LIBOR has been very popular as a reference benchmark for the cost of money. The impact of LIBOR replacement will be difficult to escape. Banks
BoE Warns of LIBOR Replacement
The Bank of England warns that markets should not replace LIBOR with alternatives that could end up with the same flaws that made LIBOR manipulation
LIBOR Transition and ESG
Commissioner Hester Peirce of SEC said that LIBOR reminds him of reading a story about werewolf. LIBOR seems to be alright, but is also very hairy
