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Japan's Financial Institutions To Step Up User Protection - Vimarsana News

Japan's Financial Institutions To Step Up User Protection

Japan’s Financial Services Agency (FSA) has joined forces with the NPA to call for strengthened user protection measures from financial institutions.

JapanFinancial Services Agency: Preparation For Permanent Cessation Of LIBOR - Vimarsana News

JapanFinancial Services Agency: Preparation For Permanent Cessation Of LIBOR

<p><span>On March 5, 2021, ICE Benchmark Administration (IBA) has announced that it intends to cease the publication of LIBOR based on the current methodology referencing rates provided by panel banks (panel-based LIBOR) immediately after end-2021 except for certain US dollar LIBOR settings. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally, it is used in wide range of users, including not only financial institutions but also non-financial...