Latest Breaking News On - Kinzai institute for financial affairs inc - Page 1 : comparemela.com

<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>

United kingdomJapan securities dealers associationStrategy developmentUnited kingdom financial conduct authorityManagement bureauJapan foreign trade council incInsurance association of japanUnited kingdom financial servicesInterest rate benchmark reform forum in bankRisk analysis divisionFinancial services agency of japanLife insurance association of japanJapanese bankers associationFinancial services agencyCommittee on financialJapan business federation meeting