On Mar. 6, JPN FSA said Euroyen TIBOR will not be issued from Dec.
JPN FSA announced that the JBA TIBOR Administration has decided to permanently discontinue the publication of all Euroyen TIBOR at the end of Dec. 2024.
Follows JPN FSA Mar. 2023 shared JPN JBA consultation result re TIBOR, see #166404.
Also follows JPN JBA Feb. 2024 revised sample of fallback provision, see #201054.
Discontinuation
As a result of a public consultation in Aug. 2023, the administration received opinions from all parties, favorable to permanent suspension of Euroyen TIBOR from Dec. 2024.
Accordingly, the administration decided to suspend the publication from Dec. 2024.
It recommended Euroyen TIBOR users to prepare for permanent cessation, by proceeding with transition from referenced contracts, administrative/system changes.
JPN FSA will encourage financial companies to take proper responses, in light of the status of transition from Euroyen TIBOR-referenced contracts, response to customers.
