Bank of America, JPMorgan enter swaps trade tied to new Libor replacement americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
In what may be the first step in a move away from the Secured Overnight Financing Rate (SOFR) as the replacement rate for LIBOR, the Loan Syndications & Trading Association (LSTA).
Galaxy Digital Holdings has filed for a new
Bitcoin ETF, joining
Galaxy Digital, a cryptocurrency investment firm, hopes to create a Bitcoin ETF on
NYSE Arca to reflect the performance of the
Bloomberg Galaxy bitcoin Index (the “Index”), less the Trust’s expenses and other liabilities.
The filing went on to say that the Trust will hold bitcoin and will value its Shares daily based on the value of the Index, which is calculated based on data from bitcoin pricing sources selected by Bloomberg Index Services Limited.
Galaxy now joins a growing list of firms eager to gain
SEC approval for its Bitcoin ETF. More recent competitors in the running include VanEck, whose filing has until April 29 to either be approved, denied or delayed by the SEC,
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NEW YORK, April 6, 2021 /PRNewswire/ Bloomberg today announced that an independent assurance review of the Bloomberg Short-Term Bank Yield Index (BSBY) confirmed that the short-term credit sensitive index adheres to the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks. The review was conducted by a global, independent accounting firm and the final report is expected to be available shortly. Alignment with the IOSCO Principles is an important milestone, and recognizes BSBY adheres to industry best practices, said Steve Berkley, CEO of Bloomberg Index Services Limited (BISL) at Bloomberg. An increasing number of financial institutions and corporations are looking to BSBY for their loan products as they transition away from LIBOR, and we will continue to support their needs as they work to ensure compliance with regulatory timelines.
IBA And FCA Announce Cessation Of LIBOR Settings - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.