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Industry tentatively bullish on US as S&P 500 approaches fastest 100% recovery in history professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
Ask us first before swapping Libor with ‘risk-laden’ rate, says UK watchdog Banks should ask the Financial Conduct Authority before using “credit sensitive rates” for replacing Libor, the tarnished benchmark which is being scrapped in December, the watchdog said on Monday. The London Interbank Offered Rate or Libor is being ditched after banks were fined for trying to manipulate the rate for pricing mortgages, loans and derivatives worth trillions of dollars across several currencies globally. Most contracts are being switched to “risk-free” overnight rates compiled by central banks, such as Sofr from the U.S. Federal Reserve and Sonia at the Bank of England. ....
UK watchdog warns banks over replacing Libor with credit sensitive rates euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
UK Financial Conduct Authority Consults On Use Of New Powers To Support Orderly Wind Down Of Critical Benchmarks mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
ARRC and FCA "optimistic" markets can meet Libor deadline – Bobsguide bobsguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bobsguide.com Daily Mail and Mail on Sunday newspapers.