Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
Working Group on Sterling Risk-Free Reference Rates: The use cases of benchmark rates: compounded in arrears, term rate and further alternatives
By Davide Barzilai (UK), Claire Edwards (UK)
On 16 January 2020, the Working Group on Sterling Risk-Free Reference Rates (RFRWG) published a paper on The use cases of benchmark rates: compounded in arrears, term rate and further…
Global Regulation Tomorrow
Progress on the transition of LIBOR – referencing legacy bonds to SONIA by way of consent solicitation
By Andrew Coote
On 16 January 2020, the Working Group on Sterling Risk-Free Reference Rates (RFRWG) published a statement entitled Progress on the transition of LIBOR – referencing legacy bonds to SONIA by…
Global Regulation Tomorrow
LIBOR transition: the use of SONIA compounded in arrears in project finance transactions
By Chris Brown, Claire Edwards (UK)
In its paper of 16 January 2020 on The use cases of benchmark rates: compounded in arrears, term rate and further alternatives, the Bank of England's Working Group on Sterling…
Global Regulation Tomorrow
Next steps for LIBOR transition in 2020: the time to act is now
By Hannah Meakin (UK), Davide Barzilai (UK)
On 16 January 2020, the Bank of England (BoE), Financial Conduct Authority (FCA) and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) published the following documents outlining priorities and…
The CLS Blue Sky Blog
Sullivan & Cromwell Discusses Key Considerations for Fiscal-Year 2019 SEC Filings
As issuers prepare their Form 10-K and 20-F filings for fiscal year 2019, they should consider recent changes to Securities and Exchange Commission (“SEC”) disclosure rules, trending disclosure topics and…
Consumer Finance Monitor
NYDFS requires regulated institutions to submit plans describing preparations for LIBOR transition by Feb. 7
By Alan S. Kaplinsky, John L. Culhane, Jr.
The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a…
Global Regulation Tomorrow
The LIBOR Transition – Global and US Regulators Expectations on LIBOR Planning
By Patrick Dolan (US), Kathleen Scott (US), Mary Kate Fields (US)
Following up on our past LIBOR posts, in this update on the transition away from LIBOR (London Interbank Offering Rate), and other interbank offering rates (“IBOR”) denominated in other currencies,…
Free Writings + Perspectives
AICPA Conference Comments on LIBOR
We previously blogged about the recent AICPA conference. At the conference, representatives from the Office of Chief Accountant also shared some views regarding the discontinuation of LIBOR. The Staff of…
Global Regulation Tomorrow
FSB report on the need to reduce risks to financial stability from LIBOR transition
By Hannah Meakin (UK), Hannah McAslan (UK)
On 18 December 2019, the Financial Stability Board (FSB) published its annual progress report on the implementation of its 2014 recommendations to reform major interest rate benchmarks. The report emphasises…
Corporate & Financial Weekly Digest
CFTC Grants Market Participants LIBOR-Transition Relief
By Kevin M. Foley, Katten Muchin Rosenman LLP
On December 18, the Division of Swap Dealer and Intermediary Oversight (DSIO), the Division of Market Oversight (DMO) and the Division of Clearing and Risk (DCR) each issued a no-action…