Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
FCA publishes report on its use of Article 23D BMR power for 3-month synthetic sterling LIBOR
By Anita Edwards, Simon Lovegrove (UK), Hannah Meakin (UK)
On 29 February 2024, the Financial Conduct Authority (FCA) published a report on the use of its power under Article 23D of the Benchmarks Regulation (BMR) for 3 month synthetic…
Global Regulation Tomorrow
BoE publishes speech on the transition away from Libor
By Hannah Meakin (UK), Simon Lovegrove (UK), Anita Edwards
On 7 September 2023, the Bank of England (BoE) published a speech given by Arif Merali, senior advisor for the BoE, at a Libor transition panel discussion in London. Mr…
Global Regulation Tomorrow
FSB publishes final reflections on the LIBOR transition
On 28 July 2023, the Financial Stability Board (FSB) published its final reflections on the LIBOR transition. The end of June 2023 marked the end of the remaining USD LIBOR…
Global Regulation Tomorrow
FCA announces cessation of the US dollar LIBOR panel
On 3 July 2023, the FCA issued a statement to confirm that the US dollar LIBOR bank panel ended on 30 June 2023. This was the last remaining LIBOR panel.…
The Long and Short of It
End of the road for LIBOR
Today, Friday 30 June 2023, is a momentous day in financial markets, being the last day on which rates based on the London Interbank Offered Rates (LIBORs) will be published.…
Consumer Finance Monitor
CFPB and federal banking agencies issue joint statement on LIBOR transition; CFPB issues interim final rule on discontinuation of LIBOR
By Richard J. Andreano, Jr., John L. Culhane, Jr.
Last week, the CFPB, together with the Federal Reserve Board (Board), FDIC, OCC, and NCUA, issued a “Joint Statement on Completing the LIBOR Transition.” The agencies issued the statement to…
Global Regulation Tomorrow
FSB publishes statement on final preparations for the USD LIBOR transitions
On 27 April 2023, the Financial Stability Board (FSB) published a statement to encourage final preparations for the USD LIBOR transition. The statement highlights the following: There has been significant…
Global Regulation Tomorrow
BoE and FCA publish statement on firms’ preparation for the cessation of USD LIBOR panel
On 12 April 2023, the Bank of England (BoE) and the FCA published a statement on the cessation of the USD LIBOR panel, which will occur on 30 June 2023.…
Consumer Financial Services Review
Fannie and Freddie Confirm Choice of SOFR as Replacement for LIBOR in Existing Mortgage Loans
By Eric J. Edwardson, Mary Jo N. Miller
Although the transition from LIBOR interest rates has been planned for quite some time now, Fannie Mae and Freddie Mac recently provided additional details of the necessary changes to outstanding…
Free Writings + Perspectives
Liability Management Series Part 2: Tax Issues, LIBOR Phase-Out and the CMS Rate Problem
March 1, 2023 Webinar 2:00 pm – 3:00 pm ET Register here. During this webinar, the presenters will discuss some of the remaining issues not addressed by federal LIBOR legislation, including…