Benchmark Reform – Research/Reading Materials

Research and reading materials related to benchmark reform can be found below:

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Interest Rate Benchmarks Review / Transition to RFRs Review

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ISDA-Clarus RFR Adoption Indicator Monthly Reports 

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derivatiViews
Date Title
April 27, 2023 Updating Term SOFR
August 16, 2022 A Constructive Approach to the EU Benchmarks Regulation
May 26, 2022 Maintaining Momentum on US Dollar LIBOR
December 16, 2021 Get Ready for Fallbacks
July 15, 2021 The LIBOR End Game
April 22, 2021 No Delay for US Dollar LIBOR
March 5, 2021 LIBOR Cessation and the Impact on Fallbacks
January 27, 2021 A Big Milestone for Benchmark Reform
January 14, 2021 Countdown to New Fallbacks
October 26, 2020 A Major Milestone for Benchmark Reform
September 23, 2020 Updating the Fallbacks Timetable
July 2, 2020 Reforming the EU BMR
June 26, 2020 Tackling Tough Legacy
May 28, 2020 From 2006 to 2020
March 18, 2020 Pre-cessation Consultation: Responding to COVID-19
February 5, 2020 Another Look at Pre-cessation
January 24, 2020 New Letters on Pre-cessation Issues Welcome
December 19, 2020 2020 Looming Large
June 10, 2019 Benchmarks and Accounting
May 29, 2019 Another Step to Benchmark Fallbacks
July 4, 2018 The Steps to Benchmark Reform
March 12, 2018 Get Engaged on Benchmark Reform
February 5, 2018 The $370 Trillion Benchmark Challenge
December 13, 2017 Now is the Time to Think About Benchmarks
IQ: ISDA Quarterly
Issue Title
AGM Special IQ in Brief
April 2022 Firm Foundations
December 2021 New Frontier
November 2021 Benchmarks Roundtable – Maintaining Momentum
November 2021 IQ in Brief: Regional Events Special
July 2021 Digital Target
February 2021 Going Green
September 2020 Asian Options
May 2020 Seismic Shift
August 2019 The Road Ahead
August 2018 Benchmark Transformation
April 2018 An Eye to the Future
Podcasts
Date Title
April 2022 Episode 21: The CFTC’s Priorities
May 2021 Episode 10: Adapting to Change
November 2020 Introducing the Swap
November 2020 Episode 1: Goodbye LIBOR
November 2020 Episode 2: The Milestones to LIBOR Transition
November 2020 Episode 3: Building Momentum in Alternative Rates
November 2020 Episode 5: Benchmarks, Biden and Brexit

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ISDA Publishes Updated ISDA SIMM Governance

ISDA has published an updated version of the ISDA SIMM® Governance Framework, which sets out the principles under which the ISDA Standard Initial Margin Model® operates and the process through which it will be reviewed and amended on a consistent...

ISDA Response to PRA IMA Consultation

On September 18, ISDA, the Association for Financial Markets in Europe, the Institute of International Finance and UK Finance submitted a joint response to the UK Prudential Regulation Authority consultation on adjustments to the internal model approach (IMA) for the...

Calibration Test – IQ September 2026

Calibrating capital requirements is a highly complex undertaking and getting it wrong can have serious consequences. Too much lenience might lead to banks holding insufficient capital to mitigate their risks. But excess conservatism can put balance sheets under strain, forcing...