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FASB proposal would extend time for reference rate reform relief

A proposal by the FASB would extend by two years the guidance related to reference rate reform relief and expand the definition of the Secured Overnight Financing Rate (SOFR). ....

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"Pushing Ahead With SOR-SORA Transition In 2021" - Keynote Speech By Mr Leong Sing Chiong, Deputy Managing Director (Markets & Development), Monetary Authority Of Singapore, At ASIFMA Virtual Event: Singapore IBOR Transition On 2 February 2021


Pushing Ahead With SOR-SORA Transition In 2021 - Keynote Speech By Mr Leong Sing Chiong, Deputy Managing Director (Markets & Development), Monetary Authority Of Singapore, At ASIFMA Virtual Event: Singapore IBOR Transition On 2 February 2021
Date
02/02/2021
Good morning everyone. First, let me take this opportunity to wish everyone a Happy New Year!  Let me also thank the Asia Securities Industry & Financial Markets Association (ASIFMA) and the Association of Banks in Singapore (ABS) for organising this webinar and inviting me to speak on the important issue of Singapore’s interest rate benchmark transition.
2      In the next 20 mins or so, I will do a brief recap of the key objectives and milestones that we had set out last year.  I will then touch on some recent developments in the US and UK that have a bearing on our transition timelines, and I will finally outline what our priorities are for this year in the transition to Singapore Overnight Ra ....

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