Events listed in London Interbank Offered Rate (LIBOR)
Final Reflections on the LIBOR Transition
ID 24466
The FSB initiated the OSSG in 2013 to ensure a smooth transition away from LIBOR, and after a decade of preparation, the LIBOR transition is now in its final stage. As of June 2023, the remaining USD LIBOR panel has ended, with only three US dollar LIBOR settings continuing in synthetic form until end-September 2024. Reforms for other interest rate benchmarks and transition efforts ...
Information about the situation of Libor
ID 24233
Since 30 June 2023, the Libor USD benchmark has stopped being published in its original configuration. However, as already communicated by the CNMV, 1-, 3-, and 6-month USD Libor settings will continue to be published temporarily using a synthetic methodology based on SOFR until September 30, 2024. This measure allows companies more time to transition to alternative reference rates. The CNMV has issued communications ...
FSB Statement to encourage final preparations for the USD LIBOR transition
ID 23031
The FSB published a statement concerning the transition away from the USD LIBOR by the end of June 2023. The FSB emphasises that there has been significant progress made thus far, but notes that it is crucial market participants continue to act in a timely and efficient manner to ensure an orderly transition, minimize operational risks, and support the foundation of a stable financial ...