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LIBOR RATE BENCHMARKS
A first since 2007: Libor cracks 5% on Fed hike outlookMuch of the recent surge in Libor, which is set to be phased out on June 30, has been driven by expectations for Fed policy tightening. Tra...- SBI set to embrace new benchmarks in LIBOR transition“LIBOR Transition is a significant financial event for international financial markets,” said Ashwini Kumar Tewari, Managing Director (Inte...
- Dying Libor gives rise to risk-free rate benchmarksThe London Interbank Offer Rate, commonly known as Libor, is the most widely used benchmark in many financial products ranging from loans t...
- Central Bank allows ARR for ECBs, trade creditsCurrently, the benchmark rate is 6-months Libor- London interbank offered rate(Libor) of different currencies or any other 6-month interban...
- RIL cuts term SOFR deal with JP Morgan, heralds a new eraThe financing deal was sealed at the bank’s overseas branch, likely in Singapore, and it involved discounting a Letter of Credit (LC). The ...
- RBI relaxes norms to help banks migrate away from LIBORThe central bank decided to amend the guidelines related to export credit in foreign currency and restructuring of derivative contracts.
- RBI relaxes norms to facilitate LIBOR migration, how!The central bank decided to amend the guidelines related to export credit in foreign currency and restructuring of derivative contracts.
- RBI warns banks of LIBOR preparednessIn March, the UK’s Financial Conduct Authority (FCA) said that all LIBOR settings would either cease to be provided by administrators or no...
- US regulators urge financial firms to quickly ditch Libor rate benchmarksFederal Reserve Vice Chair Randal Quarles emphasized there is "no path forward" for Libor, which is being scrapped after numerous banks wer...
- New US credit benchmarks gain traction as Libor deadline approachesInvestors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate.
- Large banks gear up for transition from LIBOR to SOFRSOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...
- IBA asks banks for Libor alternativeMIFOR is priced after adding a mark-up over Libor, which will cease to exist globally after 2021.
- Saying goodbye to Libor, the world’s most valuable benchmarkTransition to alternative reference rates will involve considerable efforts for Libor users.
- Demise of Libor: A global trend that many overlookLibor was introduced in 1986 as a measure of wholesale interbank lending rates.
- Libor-like rate to help fasten policy transmission: Analysts"Hope is that external benchmark will reflect banks' marginal cost of funds and it will lead to faster transmission of policy rates," Srini...
- British Bankers Association bows out of role as Libor's chief arbiterBritish Bankers Association, the body that has been in charge of setting Libor since 1986, officially bowed out of its role as the chief ar...
- ET in the classroom: Lens on LiborThe Libor fixing scandal has put an unwelcome spotlight once again on the world of banking and highly paid bankers.
- ET in classroom: Libor LessonsBanks set their own Libor, and each day tell a central entity how much interest they estimate they would have to pay on such loans.
- Libor guardians resist changes in benchmarkThe UK bankers and regulators charged with reviewing Libor in the wake of regulatory probes are resisting calls to overhaul the rate .
- RBI cuts interest rate ceiling on export credit by 150 bpsRBI on Friday slashed the maximum interest rate banks can charge on foreign currency loans extended to exporters to 200 basis points above ...
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