INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION

    Market Infrastructure

    BOT to Continue THBFIX Publication until Mid-2023

    By Editors | 18/03/2021

    Banks should not undertake transactions using THBFIX from 1 July 2021 onwards. The BOT has started publishing fallback rates for THBFIX.

    Market Infrastructure

    RBA Keeping ‘Close Eye’ on LIBOR Transition Progress

    By Manesh Samtani | 18/03/2021

    Firms should not wait for a term RFR or credit-spread adjustments to reference in non-derivatives products, says RBA assistant governor Christopher Kent.

    ESG / Sustainability

    CFTC Establishes New Dedicated Unit for Climate Risk

    By Editors | 18/03/2021

    Other US financial regulators including the SEC, Treasury Department and Federal Reserve have also recently raised climate risk and a key focus.

    Market Infrastructure

    Refinitiv to Publish Spread Adjusted SOFR for Cash Products

    By Editors | 18/03/2021

    Following an RFP process initiated in September, the ARRC has selected Refinitiv to publish spread-adjusted fallback rates for use in cash product contracts.

    Market Infrastructure

    HKMA Urges Continued Progress on LIBOR Transition Efforts

    By Manesh Samtani | 18/03/2021

    The HKMA’s Edmond Lau highlighted three essential elements for LIBOR transition: operational and system capabilities, effective coordination; commitment from top management.

    Market Infrastructure

    LIBOR Transition: Derivatives Market Has Clarity: ISDA

    By Manesh Samtani | 11/03/2021

    The FCA’s recent announcement has provided clarity on the future of all LIBOR settings. But, derivatives market participants still have work to do.

    Market Infrastructure

    FCA Formally Announces Intended Cessation Dates for LIBOR

    By Manesh Samtani | 07/03/2021

    ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.

    ESG / Sustainability

    Trade Bodies Set Out Framework for US Transition to Low-Carbon

    By Editors | 18/02/2021

    The framework sets out ten principles to inform the policymaking process and catalyse the transition to a more sustainable and inclusive low-carbon economy.

    Big Picture

    Regulatory Intervention Needed for JPY LIBOR Transition – Fitch

    By Editors | 25/01/2021

    Japan’s decision to keep TIBOR may slow the adoption of TONA, lengthening the time needed to generate liquidity in TONA derivatives and establish forward-looking TONA rates.

    Market Infrastructure

    ISDA IBOR Fallbacks Supplement, Protocol Come Into Effect

    By Editors | 25/01/2021

    More than 12,000 entities across nearly 80 jurisdictions have so far adhered to the protocol, which will remain open for adherence.

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