<p><span>The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference selected alternative RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average, the Swiss Average Rate Overnight, the Tokyo Overnight Average Rate, the Euro Short-Term Rate and the Australian Overnight Index Average.</span></p>
ISDA: Transition To RFRs Review: First Half Of 2021 And The Second Quarter Of 2021
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European Banks Libor Tail Risks Subside | Hellenic Shipping News Worldwide
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States review loan contracts ahead of Libor s end
Thursday July 08 2021
Summary
After the big “Libor scandal” of 2011, following widespread allegations of Libor manipulation, it became evident that the benchmark had been fiddled with for years.
This led to a full-blown inquiry, and the UK Financial Conduct Authority, which oversees global benchmarks, announced in 2017 that use of the Libor would end on December 31, 2021 for the sterling, the euro, Swiss franc, and the Japanese yen.
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After “scandal” of 2011, of widespread allegations of manipulation, it became evident the Libor global benchmark rate had been fiddled with for years.
Kenya is reviewing its loan contracts ahead of the cessation of the London Interbank Offered Rate (Libor) to align them with the new risk-free rates,