Dealers applaud proposal to halt yen Libor swaps after Q3

BoJ working group timetable viewed as likely to boost liquidity in nascent Tonar market

Sunset-over-Tokyo

Dealers have welcomed proposals by the industry committee overseeing Japan’s transition to risk-free rates that would prevent banks offering new yen Libor interest rate swaps by the third quarter this year.

A report published by a subgroup of the Bank of Japan-led Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks for its March 26 meeting proposed that the trading of new Japanese Libor interest rate swaps maturing after 2021 should cease no later than the end of September, except

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here