Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
Approach to reporting references to LIBOR in OTC derivative contracts under UK EMIR
On 11 March 2021, the FCA updated its UK EMIR News webpage by adding a new section covering the approach to reporting references to LIBOR in OTC derivatives contracts under…
Structured Finance In Brief
FCA announces the future loss of representativeness for LIBOR benchmarks
By Joe Kohler, Claude Brown, Ilene Froom
Read time: 2 minutes 40 seconds The FCA announced on March 5, 2021 the future cessation and loss of representativeness of the LIBOR benchmarks. This news was expected, but its…
Eye on IBOR Transition
US FRB Issues Examiner Guidance for Assessing LIBOR Transition Progress
By Matthew Bisanz, J. Paul Forrester
On March 9, 2021, the US Board of Governors of the Federal Reserve System (“FRB”) issued SR 21-7, Assessing Supervised Institutions’ Plans to Transition Away from the Use of the…
Global Regulation Tomorrow
The LIBOR Transition – ARRC commends FCA and IBA on confirmation of LIBOR endgame
By Patrick Dolan (US), Kathleen Scott (US)
On Friday, March 5, 2021, the US Alternative Reference Rates Committee (ARRC), the group of private sector and government agencies working on alternatives to the end of the use of…
Asset Finance in Brief
Preparing for the transition away from LIBOR: the options for ship finance lenders and borrowers
The transition away from LIBOR is imminent and lenders and borrowers should be thinking about how this will impact on both new and existing finance transactions. As USD is the…
Eye on IBOR Transition
IBA Sets LIBOR Publication Cessation Dates and Triggers a LIBOR Transition Event
By Mary Jo N. Miller, David K. Duffee, J. Paul Forrester
On 5 March 2021, ICE Benchmark Administration (“IBA”), the administrator of LIBOR, released the much anticipated feedback statement (“Cessation Statement”) reporting the results of its 4 December 2020 Consultation on…
Global Regulation Tomorrow
FCA Announcement on cessation of LIBOR and ISDA’s statement
By Davide Barzilai (UK), Colin Rice (SG), Hannah Meakin (UK), Sophy Teng (SG)
Today, the FCA has confirmed that all LIBOR settings will either cease to be provided by any administrator or no longer be representative: immediately after 31 December 2021, in the case of…
Eye on IBOR Transition
US FRB Chair Powell Signals Support for Federal LIBOR Transition Assistance Legislation
By J. Paul Forrester, Matthew Bisanz, Mary Jo N. Miller
In testimony on Wednesday, February 24, 2021 before the United States House of Representatives Committee on Financial Services, the Chairman of the Board of Governors of the Federal Reserve System,…
Eye on IBOR Transition
What Do I Need to Do and By When? A Global LIBOR Transition Timeline
By David K. Duffee, Frederick C. Fisher, Jennifer A. Kratochvil, Mary Jo N. Miller
With 2021 in full swing, we have received a number of queries from our clients trying to sort out the competing recommended best practice milestones for preparing for the transition…
Eye on IBOR Transition
The end is nigh: UK Finance publishes new guide on LIBOR discontinuation
The end of 2021 is fast approaching and regulators in the UK and the US remain steadfast in their encouragement for banks to stop using LIBOR where possible before that…