Sep-19 LIBOR Replacement: Watchlist
LIBOR Replacement now seems inevitable:
- 4 key milestones outlined in the ARRC's Paced Transition to SOFR Plan have completed earlier than anticipated.
- In August, ISDA published the preliminary results of its fallback consultation and in July, the ARRC released another consultation on fallbacks for residential ARMs.
- Both the SEC and IOSCO have issued statements regarding the LIBOR transition
- Singapore, which is not a LIBOR jurisdiction, announced transition plans from the SGD Swap Offer Rate (SOR) to the Singapore Overnight Average (SORA) in anticipation of LIBOR cessation.
We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.
About Principia Partners
Principia Partners LLC provides solutions for derivative and fixed income operations. Global financial institutions and independent asset managers have used the award-winning Principia Analytic System since 1995 to unify valuations, portfolio management, risk surveillance, hedge accounting and operational control across the breadth of fixed income and derivative products. In 2015, Principia launched its Analytic Service, pasVal, to make its award-winning pricing and analytics available to an even broader range of businesses.