Topic
LIBOR Transition
277 published works
Consumer Finance Monitor
Federal Reserve Board final rule on benchmark replacements for contracts that use LIBOR published in Federal Register; Fannie Mae and Freddie Mac instruct servicers on LIBOR replacement indices
By John L. Culhane, Jr., Richard J. Andreano, Jr.
The final rule issued by the Federal Reserve Board to implement the LIBOR Act by establishing default rules for benchmark replacements in certain contracts that use LIBOR as a reference…
Consumer Finance Monitor
Fannie Mae and Freddie Mac Announce LIBOR Replacement Indices
Following the adoption by the Federal Reserve Board of a final rule under the Adjustable Interest Rate (LIBOR) Act, Fannie Mae and Freddie Mac have announced replacement indices for their legacy…
Consumer Finance Monitor
Federal Reserve Board issues final rule on benchmark replacements for contracts that use LIBOR
By John L. Culhane, Jr., Richard J. Andreano, Jr.
The Federal Reserve Board issued a final rule last week that establishes default rules for benchmark replacements in certain contracts that use the London Interbank Offered Rate (LIBOR) as a…
Eye on IBOR Transition
Fed Adopts Final Rule Implementing the Adjustable Interest Rate (LIBOR) Act
By Bradley Berman, Anna T. Pinedo, Jerry R. Marlatt, Ryan Castillo
On December 16, 2022, the Board of Governors of the Federal Reserve System adopted final rule 12 C.F.R. Part 253, “Regulation Implementing the Adjustable Interest Rate (LIBOR) Act (Regulation ZZ)”…
Global Regulation Tomorrow
FSB encourages final transition to robust reference as cessation of remaining LIBOR panels approaches
On 16 December 2022, the Financial Stability Board (FSB) issued a progress report on the transition from LIBOR and other benchmarks. The progress report: Provides an overview of LIBOR transition…
Eye on IBOR Transition
Thankful for Increasing Clarity on LIBOR’s Final Fate
By Mary Jo N. Miller, J. Paul Forrester
As we await the Federal Reserve Board to finalize the LIBOR transition regulations set forth in its notice of proposed rulemaking – Regulation Implementing the Adjustable Interest Rate (LIBOR) Act,[1]…
Allens Insights
Further updates to cessation of remaining LIBOR
By Allens
Get your transition plans in place 3 min read On 29 September 2022, the UK LIBOR regulator, the FCA, announced it will no longer require publication of one-month and six-month…
Global Regulation Tomorrow
FCA announces decision on cessation of 1- and 6- month synthetic sterling LIBOR at end-March 2023
On 29 September 2022, the FCA announced that following its earlier consultation in June it will be requiring the continued publication of the 1- and 6-month synthetic sterling LIBOR settings…
Finance & Bankruptcy Law Blog
CFTC Amends Clearing Requirements
By Aaron Levy
On August 12, 2022, the CFTC issued a final rule modifying its clearing requirement for interest rate swaps (“IRS”). The final rule updates the types of IRS required to be…
Global Regulation Tomorrow
FCA encourages market participants to continue transition of LIBOR-linked bonds
On 16 August 2022, the Financial Conduct Authority (FCA) published a statement encouraging issuers and bond holders of outstanding LIBOR-linked bonds to consider taking necessary action to transition outstanding LIBOR-linked…