• Latest
  • Trending
  • All
Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement

Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement

October 13, 2020 14:44
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Tuesday, February 7, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement

Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement

by FWNews
October 13, 2020 14:44
in Rates
0
Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement
Australian Prudential Regulation Authority logo
Australian Securities and Investments Commission logo

Regulators and industry are taking further steps to transition away from LIBOR, which is expected to
cease after the end of 2021. In particular, on Friday 9 October 2020 the International Swaps and
Derivatives Association (ISDA) announced that it will launch the 2020 IBOR Fallbacks Protocol and
associated Supplement to the 2006 ISDA Definitions on 23 October 2020. These are needed to
implement robust fall-back provisions for derivative contracts referencing key interbank offered rates
(IBORs), including the London Interbank Offered Rate (LIBOR). The protocol and supplement are informed
by extensive consultation with industry, including in Australia.

While the regulators welcome the progress of LIBOR transition in Australia to date,
continued focus and effort are necessary. ASIC, with the support of the Australian
Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA), strongly
urges Australian institutions to adhere to the ISDA Protocol and Supplement. The
Financial Stability Board has also released a statement encouraging broad and timely
adherence to the protocol.

Adherence is an important step towards the orderly transition of LIBOR-referenced derivatives
contracts. It is critical to the mitigation of both individual entity risks and systemic risks
associated with the discontinuation of LIBOR.

All financial and corporate institutions that use derivatives contracts referencing LIBOR are strongly
encouraged to review and adhere to the protocol by its effective date of 25 January 2021.

ASIC Commissioner Cathie Armour said, ‘The publication of the ISDA IBOR Fallbacks
Protocol and Supplement will be an important step towards the orderly transition of
billions of dollars’ worth of financial contracts in the derivatives market. Industry
wide adoption will significantly reduce the risks of contractual disputes, litigation
and frustration by creating a consistent approach to fallback rates when LIBOR comes to
an end. We strongly encourage institutions in Australia to adhere to the Protocol.’

RBA Assistant Governor (Financial Markets) Christopher Kent said, ‘Timely adherence to the new
ISDA Protocol is important for all users of LIBOR in derivatives contracts. Having these robust
fallbacks in place for legacy contracts is a vital step in the transition away from LIBOR.’

Share2Tweet1
ADVERTISEMENT
FWNews

FWNews

Track the pulse of the market

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Pound corrects higher due to dollar weakness

Greenback is back under pressure as risk-on tone dominates

October 19, 2020 09:29
14

Federal Reserve Board announces updates to Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers

June 15, 2020 02:10
10
US President Donald Trump speaks during a meeting with resturant executives in the State Dining Room of the White House May 18, 2020, in Washington, DC. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

Trump says he takes hydroxychloroquine to prevent coronavirus infection even though it’s an unproven treatment

May 18, 2020 07:48
18

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews