LIBOR (London Interbank Offered Rate) is a set of interest rate benchmarks based on the rates at which banks are willing to borrow wholesale-unsecured funds. It is used in numerous financial ...

Statement No. 330: LIBOR Reform Download PDF The recent settlement by the U.K’s Barclays bank over its manipulation of its LIBOR (London Inter-Bank Offered Rate) submissions to the British Bankers ...

The move to reform LIBOR, and to transform it into a benchmark based on actual trade data, is set to proceed this year under a plan unveiled Thursday by London, U.K.-based ICE Benchmark Administration ...

The Financial Conduct Authority (FCA) is just one regulator that has directed firms to move away from the use of benchmarks such as the London interbank offered rate (Libor) in favour of alternative ...

Following the suspension of the HECM Standard fixed rate product, the industry is expecting to see more adjustable rate reverse mortgages, but the way interest rates are calculated is on the ...

Today’s HousingWire Daily interview features a crossover episode from HousingWire’s Housing News podcast. In this episode, Michael Bright, CEO of Structured Finance Association, discusses findings in ...

It is starting to feel as if we are nearing the end of a long climb, in fact the end of a long period of uncertainty, for financial institutions and businesses alike, on how to deal with LIBOR ...

Federal Reserve Chairman Ben Bernanke cast doubt Tuesday that a critical financial rate used by banks to set interest rates for loans is reliable. Bernanke called the Libor system "structurally flawed ...

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance and expand ...

As the true impact of coronavirus started to become evident in March, it was clear that the already tight timetable for Libor transition was going to become even more challenging. Marcus Morton, ...

The acceleration of the LIBOR transition ahead of its partial phase-out at the end of 2021 sparked huge demand for tools to help firms transition smoothly. Ever since the announcement in 2017 that ...

NEW YORK (Reuters) - Libor reforms announced on Friday are seen as unlikely to cause large market shifts in the near term, though some see changes as likely to add some volatility in short-term bank ...