Convicted Euribor Rigger Gets Appeal Chance
October 13, 2023
Former Barclays interest rate trader Carlo Palombo, who was convicted of conspiracy to defraud by rigging the Euribor benchmark setting… Read More »
Former Barclays interest rate trader Carlo Palombo, who was convicted of conspiracy to defraud by rigging the Euribor benchmark setting… Read More »
The ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 66.1% in August 2023 compared to 60.6% in July.… Read More »
BGC Brokers’ Capitalab says it has successfully completed its third execution of a new USD Libor to SOFR swaption migration… Read More »
After two months around the ending of USD Libor when the adoption rate dropped, the industry appears to be increasing… Read More »
Broker-dealer StoneX says it has introduced new capabilities for its OTC trading clients to facilitate the transition from Libor to… Read More »
Somewhat counter-intuitively, following the end of USD Libor during the month, the rate of risk-free rate (RFR) adoption actually dropped… Read More »
Although in many cases they are under a different regime, authorities who sought, and often achieved, convictions over alleged market… Read More »
What seems to be a continuous rollback on the part of the authorities regarding convictions over market manipulation has hit… Read More »
Osttra says it has successfully delivered the first cross-currency swap conversions of USD/SGD swaps from SOR to SORA as part… Read More »
The UK’s Financial Conduct Authority (FCA) has issued a final message to market participants one month ahead of the cessation… Read More »
With a major Libor landmark approaching, the use of risk-free rates (RFRs) to reference interest rate derivatives has hit a… Read More »
CME Group says it has completed a key milestone in its programme to convert its Eurodollar contracts from Libor to… Read More »
The ISDA-Clarus RFR Adoption Indicator increased to 54.3% in December 2022, a new high for the indicator, which tracks how… Read More »
The UK’s Financial Conduct Authority (FCA) has published a proposal for Libor administrator IBA to extend the publication of certain… Read More »
While the FX market has, largely, been minimally affected by the changing regulatory landscape over the past five years, the… Read More »
After a long run in which the level of adoption of Risk-Free Rates (RFRs) hit successive new peaks, September saw… Read More »
CME Group has announced it will now convert all eligible Eurodollar futures and options to SOFR equivalent contracts on April… Read More »
CME Group has announced that based on initial client feedback, it is proposing to convert Eurodollar futures and options open… Read More »
Refinitiv says it intends to launch forward looking term rate versions of its ARRC recommended fallback rates – USD Ibor… Read More »
The US Alternative Reference Rates Committee (ARRC), which operates under the auspices of the Federal Reserve Bank of New York… Read More »
The ISDA-Clarus RFR Adoption Indicator increased to yet another all-time high of 40.5% in March 2022 compared to 36.4% the… Read More »
Just as the ISDA Clarus risk-free rate adoptions indicator has demonstrated increased use of RFRs in place of Ibors, a… Read More »
The latest ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 36.3% in February compared to 31.9% the prior… Read More »
Just how much autonomy should a trader have? I ask this question having listened to the first episode of “The… Read More »
Further evidence that financial markets are moving on from Ibors is offered in the latest ISDA-Clarus RFR Adoption Indicator, which… Read More »
Signs that financial markets are rapidly transitioning away from US dollar Libor continue to build up, with CME Group seeing… Read More »
The ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 26.3% in November compared to 24.5% the prior month,… Read More »
CME Group has announced four new peaks in its SOFR suite of products, with open interest growing to over 1.6… Read More »
Refinitiv has announced that USD Ibor Institutional Cash Fallbacks are now production benchmarks, and it will launch USD Ibor Consumer… Read More »
The UK’s Financial Conduct Authority (FCA) has confirmed it will allow the temporary use of ‘synthetic’ sterling and yen Libor… Read More »
With the deadline for the shift away from Japanese yen Libor fast approaching, Refinitiv has unveiled Tokyo Swap Rate (for… Read More »
Firms that have Libor exposures are making progress in their preparations for the transition, but face a number operational, technology… Read More »
The UK’s Financial Conduct Authority (FCA) has confirmed that following the end of the euro, Japanese yen, sterling and Swiss… Read More »
Following the 21 September switchover from Libor to risk-free rates (RFRs) in cross currency swap markets, LCH’s SwapAgent says it… Read More »
Refinitiv has unveiled the USD Ibor Cashback series of rates, a family of rates designed to help ease the transition… Read More »
TraditionData has launched a new Secured Overnight Financing Rate (SOFR) indicative rate service that combines general collateral repo trade and… Read More »
In a move it says marks the final step in its transition plan, the Alternative Reference Rates Committee (ARRC) is… Read More »
The FICC Markets Standards Board (FMSB) has published the finalised Standard on use of Term Sonia reference rates. The Standard was… Read More »
UK regulator Financial Conduct Authority (FCA) and the Bank of England have issued a release “encouraging” liquidity providers in the… Read More »
The first six months since the launch of the Refinitiv Term Sonia Benchmark have seen significant client adoption, the firm… Read More »
With the UK market set to switch to Sonia from Libor for its reference rate, the country’s regulator and central… Read More »
As the UK pushes ahead with its plans to have markets switch from Libor to Sonia, ICE Benchmark Administration (IBA)… Read More »
The UK’s Financial Conduct Authority (FCA) and the Bank of England have released a statement “encouraging” all market participants in… Read More »
The US benchmark body, the Alternative Reference Rates Committee (ARRC), which was convened by the Federal Reserve Bank of New… Read More »
The trading volumes of interest rate derivatives referencing risk-free rates (RFRs) decreased slightly in the first quarter of 2021 according… Read More »
The UK’s Financial Conduct Authority (FCA) says that 31 December 2021 will see the end of all LIBOR rate settings… Read More »
