Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
Transition in sterling non-linear derivatives referencing GBP LIBOR ICE Swap Rate
On 16 February 2021, the Working Group on Sterling Risk-Free Reference Rates published a paper, ‘Supporting transition in sterling non-linear derivatives referencing GBP LIBOR ICE Swap Rate’. The purpose of…
Eye on IBOR Transition
OCC Releases LIBOR Transition Self-Assessment Tool
By Matthew Bisanz, Jeffrey P. Taft, J. Paul Forrester
On February 10, 2021 (and updated on October 18, 2021), the Office of the Comptroller of the Currency (“OCC”) released a self-assessment tool to assist the institutions that it regulates…
Global Regulation Tomorrow
UK Finance report – guide for banks and lenders on discontinuation of LIBOR
On 12 February 2021, UK Finance issued a report Discontinuation of LIBOR – Guide for banks and lenders. The purpose of the report is to help UK Finance members understand…
Derivatives & Repo Report
OCC Publishes LIBOR Self-Assessment Tool for Banks
By Perkins Coie
On February 10, 2021, the Office of the Comptroller of the Currency (the "OCC") published OCC Bulletin 2021-7, Libor Transition: Self-Assessment Tool for Banks, in order to help OCC-regulated financial…
Global Regulation Tomorrow
Consultation on successor rate to GBP LIBOR in legacy bonds referencing GBP LIBOR
On 11 February 2021, the Working Group on Sterling Risk-Free Reference Rates issued a consultation paper on a successor rate to GBP LIBOR in legacy bonds referencing GBP LIBOR. The…
Crunched Credit
LIBOR: First They Blinked and Now Some Hope, But a New Problem and It’s Big
By Rick Jones
First, the ARRC, playing Charlton Heston, playing Moses, brings down from on high the ten commandments of SOFR and lo, we were sore afraid and with veneration, professed we had…
Global Regulation Tomorrow
Investors call on companies to take urgent action and transition their LIBOR-linked bonds
On 3 February 2021, the Investment Association (IA) issued a letter to CEOs / CFOs of companies issuing LIBOR-linked sterling bonds warning of the risk of significant market disruption and…
New York Business Law and Commercial Litigation Blog
The Beginning Of The End of Libor
By Rose Egan, David Paseltiner
As previously discussed here, LIBOR (the London Inter-Bank Offered Rate) is an interest rate benchmark that is used as a reference rate for a wide range of financial transactions. It…
Global Regulation Tomorrow
New FCA and PRA webpages – The final countdown – Completing sterling LIBOR transition by end-2021
By Simon Lovegrove (UK), Hannah Meakin (UK)
On 11 January 2021, the FCA issued a new webpage The final countdown: Completing sterling LIBOR transition by end-2021. On the webpage the FCA warns firms that 2021 is the…
Global Regulation Tomorrow
Credit adjustment spread methods for active transition of GBP LIBOR referencing loans – December 2020
On 18 December 2020, the Working Group on Sterling Risk-Free Reference Rates published a paper designed to support loan market participants in considering credit adjustment spreads for active transition. The…