OSC, AMF consult on new Term CORRA to help ease demise of CDOR
U.S.-dollar LIBOR put to pasture as the first phase of CDOR reform ends
Rising rates, benchmark reform, commodity prices all affected activity
ASC, OSC give firms deadline extension on derivatives data reporting
Adoption of the new financial benchmark well underway
New study to look at the competitiveness of markets for benchmarks, credit ratings
Bankers' Acceptances, which represent 20% of money market, expected to disappear in 2024
Term CORRA to be available by Q3, but usage will be limited
Inter-dealer derivatives to begin using CORRA instead of CDOR
The BIS reported that derivatives market values and credit exposures are up sharply this year