Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
FCA speech on LIBOR transition and contractual fallbacks
On 30 January 2019, the FCA published a speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy at the FCA, on LIBOR transition and contractual fallbacks. Key points…
Corporate Law
Checking in with the LIBOR Phase-Out
By James Stefanick, Nicole Indelicato
When we last blogged in January about what borrowers can do to prepare for a potential cessation of the London interbank offered rate (“LIBOR”), there was a lot of uncertainty…
Corporate & Financial Weekly Digest
LIBOR Replacement Language Published for Comment
The Alternate Reference Rates Committee, operating under the auspices of the Federal Reserve, has published two consultations concerning the replacement of the London Inter-bank Offered Rate (LIBOR) in financial contracts.…
Corporate & Financial Weekly Digest
FCA and PRA Published Dear CEO Letters on Transition From LIBOR to Risk-Free Rates
By Carolyn H. Jackson, Nathaniel Lalone, Neil Robson
On September 19, the UK Financial Conduct Authority (FCA) and UK Prudential Regulation Authority (PRA) published Dear CEO letters that they jointly sent to the chief executive officers (CEOs) of…
Banking, Finance and Securities
Updated LMA / ACT guide to LIBOR reform
By Imogen Garner (UK), Jochen Vester (UK)
On 18 September 2018, the Loan Market Association (LMA) and the Association of Corporate Treasurers (ACT) published the second edition of their guide, The future of LIBOR: what you need…
Banking, Finance and Securities
Joint FCA and PRA Dear CEO letters on preparations for the transition from LIBOR to risk-free rates
On 19 September 2018, the Prudential Regulation Authority (PRA) and FCA jointly published a Dear CEO letter to banking firms on firms’ preparations for the transition from LIBOR to risk-free…
McNees Public Sector
Federal Reserve Board Now Publishing SOFR And Other Alternative Repo Rates
By Dan Malpezzi
On December 12, 2017, the Board of Governors of the Federal Reserve System (FRB) issued Notice 2017-26761 (82 FR 58397, Docket Number OP-1573) expressing its intent to begin publication during…
Corporate Law
Preparing Borrowers for the LIBOR Phase-Out: Some Practical Advice
By James Stefanick, Nicole Indelicato
As a result of the well-publicized scandals involving LIBOR rate manipulation, British regulators announced plans in July 2017 to phase-out LIBOR by 2021 and replace it with a more reliable…
In the Zone
LIBOR to Disappear
Kevin Scott writes: In case you missed it last week, The Wall Street Journal and others reported (sub. req.) that the rate index LIBOR is going to be discontinued by the…
Hunton Retail Law Resource
The End of LIBOR
Recently, it was reported that the UK Financial Conduct Authority will discontinue the London interbank offered rate at the end of 2021. What happens under derivatives transaction documents when LIBOR…