Two Société Générale bank managers have been indicted in a U.S. federal court for allegedly scheming to rig the London Interbank Offered Rate (Libor). Libor is of course the collection of benchmark interest rates for various currencies and maturities “to which trillions of dollars of financial transactions are tied,” as a recent announcement made jointly… Read More >>
Support Growing for ISDA’s Initial Margin Standard
Support is growing for a new methodology for calculating initial margin for non-cleared derivatives instruments that was developed by the International Swaps and Derivatives Association (ISDA). Simultaneously, exchange and clearinghouse operator, the Intercontinental Exchange (ICE), reports that the ICE Benchmark Administration (IBA) group, a provider of regulated benchmarks, launched a crowdsourcing facility in support of… Read More >>
