LTi Technology Solutions (LTi), a provider in asset finance software solutions, announced support for the LIBOR to SOFR transition in all versions of its flagship product, ASPIRE V5. While the official end of LIBOR is still several months away, it...
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January 25, 2021, 07:20 AM
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The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would clarify the scope of the FASB’s recent reference rate reform guidance. Stakeholders are asked to review and provide input on the proposed...
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October 30, 2020, 07:12 AM
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Alfa, a provider of software and services to the asset finance industry, has produced a new whitepaper entitled LIBOR Reform: The Impact for Auto and Equipment Finance Providers. The paper can be downloaded from alfasystems.com/libor.LIBOR rates are...
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June 09, 2020, 07:10 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform.“This new ASU provides stakeholders with the...
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March 13, 2020, 07:20 AM
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The Financial Accounting Standards Board (FASB) approved an Accounting Standards Update (ASU) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial...
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November 14, 2019, 07:05 AM
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The current state of the capital markets is unclear, with pockets of liquidity and uncertainty with regards to what deals can get done. Nonetheless, the Federal Reserve’s interest rate increase has not had a dramatic effect, and demand for...
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May 13, 2016, 07:06 AM
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The Independent Community Bankers of America® (ICBA) said a new fee schedule released by the Intercontinental Exchange (ICE) will waive or sharply reduce fees for 99 percent of community banks that use or reference the London Interbank Offered Rate...
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November 25, 2014, 06:52 AM
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After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America...
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October 08, 2012, 07:32 AM
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Reuters reports Britain's top financial watchdog delivered a 10-point plan to fix LIBOR but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal."The system is broken and needs a complete...
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September 28, 2012, 07:33 AM
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According to a Bloomberg poll, LIBOR will be replaced by a benchmark subject to greater government control, according to a poll of global investors. Forty-four percent of those responding to a quarterly Bloomberg Global Poll said Libor will be...
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September 07, 2012, 07:31 AM
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Bloomberg reported that Robert Diamond, chief executive officer of Barclays, sought to blame other banks for misleading markets about their ability to borrow and regulators for turning a blind eye.According to the report, Diamond said he was...
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July 05, 2012, 07:30 AM
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Reuters reported Barclays CEO Bob Diamond quit on Tuesday related to the interest rate-rigging scandal that spans more than a dozen major banks across the world.According to the report, Diamond's resignation was effective immediately and outgoing...
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July 03, 2012, 06:28 AM
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Reuters reported that Britain said on Thursday it had brought in the fraud squad to investigate possible crimes and would tighten laws over attempts to manipulate lending rates resulting from the recent scandal involving Barclays, which is expected...
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June 29, 2012, 08:00 AM
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