On 2 July 2019, Japan’s Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks (JCIC) comprising leading banks and market participants active in Japan and convened by the Bank of Japan launched its public consultation on the Appropriate Choice and Usage of Japanese Yen Benchmarks. The consultation document can be found here. The focus of the … Continue Reading
In a speech at the Securities Industry and Financial Markets Association’s (SIFMA) LIBOR Transition Briefing on 15 July 2019, Andrew Bailey, the Chief Executive of the FCA emphasized the need for the loan market to transition away from LIBOR ahead of 2021. He stated that market participants should not wait for the development of a … Continue Reading
