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Washington, D.C. — The Commodity Futures Trading Commission today announced that it issued a final rule modifying the Commission’s interest rate swap clearing requirement under part 50 of the CFTC’s regulations.
MIT professor says Nobel-inspired mechanism could cut basis risk and ease $74trn Libor shift
Risk.net Report calls on market participants to end reliance on SOR in coming quarters Print this page Banks have been told to stop offering new derivatives contracts tied to Singapore’s swap offer rate, or SOR, by the third quarter of this year, in a new transition plan unveiled on March 31. A report published by the Steering Committee for SOR and Sibor Transition to Sora proposed that financial institutions should cease the use of SOR no later than the end of September this year, except for the purpose of risk managing existing positions linked to the outgoing benchmark. Th...