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Japan's Financial Institutions To Step Up User Protection

Japan Regional Banks Asked Ueda to Scrap Negative Interest Rate

Japan Regional Banks Asked Ueda to Scrap Negative Interest Rate
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Au revoir and goodbye to retiring councillors

Au revoir and goodbye to retiring councillors
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JapanFinancial Services Agency: Preparation For Permanent Cessation Of LIBOR

<p><span>On March 5, 2021, ICE Benchmark Administration (IBA) has announced that it intends to cease the publication of LIBOR based on the current methodology referencing rates provided by panel banks (panel-based LIBOR) immediately after end-2021 except for certain US dollar LIBOR settings. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally, it is used in wide range of users, including not only financial institutions but also non-financial corporate and institutional investors. In this regard, there is the possibility of disruption to users if LIBOR were ceased without sufficient preparation.</span></p>

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Mr Cooper grows a giant Swede turnip

Mr Cooper grows a giant Swede turnip
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