Firms won't be required to apply margin requirements for amendments to existing derivatives
Overnight risk-free rates would "enhance financial stability," FSB says
LIBOR and other interbank rates will disappear in 2021
Regulator says misconduct has "led to significant negative impacts"
A consultation paper proposes changes to the risk-free overnight rate, known as CORRA
Charles Schwab Corp. alleges 16 banks artificially suppressed the LIBOR rate between August 2007 and May 2010
The roadmap aims to provide a single point of reference
The claim alleges the banks suppressed the CDOR by making artificially lower interest rate submissions
Twenty banks have agreed to continue supporting the financial benchmark until the end of 2021
FSB publishes progress report