Goldman Sachs supports IHS Markit’s service for Libor replacement
Goldman Sachs is among seven major derivatives dealers to use MarkitSERV services to process SOFR transactions.
Tag: Libor
Credit Suisse, Goldman Sachs and JP Morgan clear first SOFR swaps with LCH
Major investment banks clear the first US interest rate swaps using US Libor alternative benchmark SOFR.
Citi agrees to $100 million USD Libor manipulation settlement
Citibank allegedly made millions in “unjust gains” from governmental and not-for-profit counterparties by manipulating the USD Libor benchmark.
Société Générale in $475 million Libor settlement
Société Générale was found to have manipulated and made false reports in connection with Libor and Euribor over a six year period.
Citi clears first buy-side SONIA trade on CurveGlobal
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.
Ex-derivatives trader at Deutsche Bank fined £180k for Libor scheme
Former Deutsche Bank trader Guillaume Adolph fined £180,000 and banned from industry by the FCA.
Large legacy of contracts stutters Libor transition
Libor is in the process of being phased out and will be replaced by SONIA in April this year.
CurveGlobal adds SONIA futures contracts
SONIA futures contracts aim to facilitate the UK’s transition from the LIBOR benchmark.
FCA hands former RBS derivatives trader £250k fine
Neil Danziger has also been banned from the industry after manipulating Japanese Yen Libor submissions at RBS.
FCA to cut ties with Libor over next five years
FCA will no longer sustain Libor as bank submissions have not improved, according to chief executive, Andrew Bailey.