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The Singapore committee, formed by the city-state’s central bank, (pic) reaffirmed its previous guidance for lenders and borrowers to cease using the SGD swap offer rate (SOR), which is computed using Libor, for new SOR-linked cash market products by end-April 2021. SINGAPORE: Singapore signaled that local banks and borrowers should move away from using the discredited London interbank offered rate to price financial products this year, even after global Libor authorities looked to delay its retirement. A steering committee overseeing the transfer to a new benchmark emphasised yesterday tha...

MONEYWEB app instead? San Francisco judge to render a decision on an injunction without a hearing. By William Shaw and Joel Rosenblatt, Bloomberg 13 Jan 2021  10:51  Image: Shutterstock Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a “price-fixing cartel.” Defendants in the case, including JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG, said in a November filing that an injunction abruptly ending the London interbank offered rate w...

The Moneyfacts Annual Star Ratings for SIPP and SASS are out now. We've reviewed hundreds of products to find those that deserve the top marks of five-stars.