As if they didn’t have enough to deal with, banks are faced with a succession of serious challenges over the next two years as they face up to the reality of the end of Libor. Firstly, they must ...

The Financial Conduct Authority (FCA) has confirmed that 85 per cent of the uncleared UK derivatives market are ready for the end of the London interbank offered rate (LIBOR) as 12,500 firms sign the ...

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...

MCLEAN, Va., May 16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that, in addition to the fallback information on Freddie Mac legacy LIBOR-indexed securities currently posted to ...

LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it has transitioned all open ...

The Depository Trust and Clearing Corporation has launched a LIBOR Benchmark Replacement Index solution to support the industry’s transition to alternative interest rate benchmarks. Users will be able ...

WILMINGTON, Del., June 05, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that it plans to transition ...

Two years after the U.K. Financial Conduct Authority announced an end date for the London interbank offered rate, there has been an alarming lack of progress in preparing for a conversion to a new ...

The bank will adopt three additional modules of the solution, following the previous adoption of MARS front office to aid with its Libor transition. UAE national bank Commercial Bank International ...

This year, North American countries will reach another milestone in the financial markets transition from unsecured rates to risk-free rates (RFRs). The United States transitioned away from LIBOR on ...