On Friday, December 31, most versions of the London Interbank Offered Rate (LIBOR) - with the exception of three-month U.S. dollar Libor - were published for the last time, as the work of integrating Libor replacements continues.
Intercontinental Exchange announced that ICE Benchmark Administration plans to launch GBP SONIA Spread-Adjusted ICE Swap Rate for use as a benchmark in financial contracts and financial instruments by licensees on January 4, 2022.
Borsa Istanbul, Turkey’s main stock exchange, halted trading on Friday with a temporary circuit breaker after its main Bist 100 index fell 5 per cent. The selling came as the Turkish lira fell to a fresh all-time low.
The European Securities and Markets Authority (ESMA) said Friday that the UK’s two biggest clearing houses, LCH and ICE Clear Europe, would continue to be recognized as “of substantial systemic importance” to the EU’s financial stability post-Brexit.
The International Swaps and Derivatives Association (ISDA) said on Tuesday it was developing common legal standards and templates for derivatives linked to the $3tn crypto market to cover “potential disruption events," FT reported.
Dawn DeBerry Stump, one of only two active commissioners at the Commodity Futures Trading Commission (CFTC), announced Thursday that she will not seek another five-year appointment when her current term ends in April 2022.
FTX Trading Chief Executive Sam Bankman-Fried was one of several cryptocurrency executives who testified before Congress Wednesday in a hearing called to improve regulators' and lawmakers' understanding of crypto assets.