Page 4 - Alternative Reference Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>The Global Association of Central Counterparties (&ldquo;CCP12&rdquo;) appreciates the opportunity to contribute to the request for information and comments by the Commodity Futures Trading Commission (&ldquo;Commission&rdquo; or &ldquo;CFTC&rdquo;) -&nbsp;</span><b>Swap Clearing Requirement To Account for the Transition From LIBOR and Other IBORs to Alternative Reference Rates&nbsp;</b><span>(RIN 3038&ndash;AF18)</span></p>

On December 7, 2021, the US Consumer Financial Protection Bureau ("CFPB" or "Bureau") issued a final rule to facilitate the transition away from using the London Interbank Offered Rate (LIBOR).

The domestic stock indices are likely to trade cautiously on Tuesday taking cues from the global markets.

Union Bank of India embraces Alternate Reference Rate replacing LIBOR

Last week, the SEC staff issued a new statement on the LIBOR transition. LIBOR, the London Interbank Offered Rate, is a widely used reference rate calculated based on estimates submitted by banks of their own borrowing costs.