benchmark reform

LIBOR “end game” strategizes for fallbacks, compounded indexes and tough legacy contracts (Premium)

July 15, 2020

€STR, alternatives to LIBOR, benchmark reform, Central Banks, FCA, SARON, SOFR, topstory

Far from throwing the LIBOR transition off track, COVID-19 has only made it more pressing as authorities consider how scarce term lending transactions became during the global pandemic’s period of…

FSB statement on the impact of COVID-19 on global benchmark reform

July 1, 2020

Anna Reitman

News and Notes

alternative benchmarks, benchmark reform, FSB

No Comments

The Financial Stability Board (FSB) has discussed the impact of COVID-19 on global benchmark transition. The FSB’s Official Sector Steering Group (OSSG) is monitoring the developments closely and recognizes that…

ECB working group issues recommendations for EONIA transfer to €STR

February 20, 2020

Anna Reitman

News and Notes

€STR, benchmark reform, ECB, Eonia

No Comments

The private sector working group on euro risk-free rates has published a report on the transfer of liquidity from EONIA’s cash and derivatives products to the €STR. The report supplements…

Fintech, interest rate benchmarks, stablecoins top FSB’s 2020 priorities

December 18, 2019

Anna Reitman

News and Notes – Fintech

benchmark reform, fintech, FSB, regtech, stablecoins, suptech

No Comments

The Financial Stability Board (FSB) published its work programme for 2020. The FSB’s work priorities for 2020 reflect the evolving nature of the global financial system and associated risks to…

ESAs reinforce that OTC derivative fallbacks should not create legacy contract obligations

December 5, 2019

Anna Reitman

News and Notes

benchmark reform, European Supervisory Authorities, non-cleared derivatives margin

No Comments

The European Supervisory Authorities released a statement on the introduction of fallbacks in OTC derivative contracts and the requirement to exchange collateral. ESAs are aware of the possible interplay between…