The ICE Benchmark Administration published a consultation on its intention to cease publication of the USD LIBOR ICE Swap Rate for all tenors after June 30, 2023.
News & Insights
The UK Financial Conduct Authority confirmed new rules regarding legacy use of the synthetic sterling and Japanese yen LIBOR for contracts that have not fully transitioned away from the benchmark rate by December 31, 2021.
On November 18, the ICE Benchmark Administration and the UK Financial Conduct Authority published separate announcements on the future of the London Inter-bank Offered Rate.
The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to futures commission merchants and introducing brokers concerning net capital treatment of covered loans received under the Paycheck Protection Program.
The CFTC proposed changes to its uncleared swap margin requirements which would prevent unintentional regulatory burdens that may result from certain rules recently adopted by prudential regulators.