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