[LONDON] On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a replacement...

SINGAPORE will transition from the use of the Sing-dollar Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA) over the next two years, as the scandal-tainted Libor is due to meet...

[WASHINGTON] The US markets regulator on Friday added its voice to the chorus of global watchdogs calling for banks to promptly end their use of the Libor lending benchmark, warning that the...

[BRUSSELS] Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros (S$1.64 billion) by the European Union on Thursday for rigging the multi-...

BT EXCLUSIVE

TRILLIONS of dollars globally are priced to Libor, the scandal-tainted benchmark that is due to vanish by end-2021 - and this massive transition may catch Asian banks wrong-footed with the speed...