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 Epsilon Technologies Group
Epsilon is a vibrant capital markets technology solutions and services firm serving small and medium-sized financial institutions such as regional banks, Government-Sponsored Enterprises, and Federal Home Loan Banks. The Group’s deep expertise embraces every aspect of software development, products, data, technologies, and consulting. Epsilon offers ETS and Principia Analytic System as licensed products, and various innovative bespoke solutions across a broad set of capital markets domains. Epsilon also offers a full range of consulting services, including implementation, advisory, analytics, risk management, accounting, and data modeling.