Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
FCA confirms rules for legacy use of synthetic LIBOR rates and no new use of US dollar LIBOR
On 16 November 2021, the FCA issued a new webpage confirming that it will allow the temporary use of ‘synthetic’ sterling and yen LIBOR rates in all legacy LIBOR contracts,…
Global Regulation Tomorrow
PRA Policy Statement 25/21: Responses to CP13/21 ‘Occasional Consultation Paper’
On 8 November 2021, the PRA published Policy Statement 25/21: Responses to CP13/21 ‘Occasional Consultation Paper’ (PS25/21). In PS25/21 the PRA provides feedback to responses to Consultation Paper 13/21: ‘Occasional…
Crunched Credit
LIBOR and SOFR: Welcome to a Two-Speed Market?
By Rick Jones
The Great Index Reformation is coming. (I note in passing that the last Reformation led to the 100 Years War…just saying.) This is a massive change to our market that…
Eye on IBOR Transition
Financial Regulators Clarify Key LIBOR Transition Considerations But Some Questions Remain
By Mary Jo N. Miller, J. Paul Forrester, Debra Bogo-Ernst, Clare E. Myers
On 20 October 2021, in a Joint Statement on Managing the LIBOR Transition, the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau (“CFPB”), Federal Deposit Insurance…
Consumer Finance Monitor
CFPB, federal and state bank and credit union regulators warn of increased supervisory scrutiny in joint statement on managing LIBOR transition
By Ronald K. Vaske, Glen P. Trudel
The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR…
Global Regulation Tomorrow
LIBOR and the FCA’s new powers under the UK Benchmarks Regulation: questions and answers
On 15 October 2021, the FCA published a new webpage listing questions and answers for firms related to the use of its powers under the UK Benchmarks Regulation (BMR), and publications on 29 September 2021, to help manage an orderly wind-down…
Structured Finance In Brief
An Indian summer for LIBOR transition
By Nathan Menon, Claude Brown, Samuel Lewis
Read time: 2 minutes 50 seconds Over the summer, the Reserve Bank of India (RBI) issued a notice to banks and other RBI-regulated entities, emphasising the need to speed up…
Global Regulation Tomorrow
FCA PS21/13: LIBOR transition and the derivatives trading obligation
By Hannah Meakin (UK), Jochen Vester (UK)
On 15 October 2021, the FCA published Policy Statement 21/13: LIBOR transition and the derivatives trading obligation (PS21/13). PS21/13 follows Consultation Paper 21/22: LIBOR transition and the derivatives trading obligation.…
China Law Insight
LIBOR transition and SOFR loans: answers to frequently asked questions
By King & Wood
Now is the time for lenders and borrowers to focus on LIBOR transition. Based on KWM’s extensive experience in representing APLMA, major banks and corporates (including international and PRC-based) on…
Eye on IBOR Transition
A Closer Look at the Adjustable Interest Rate (LIBOR) Act of 2021
By David K. Duffee, Aaron Gavant
The version of the proposed federal Adjustable Interest Rate (LIBOR) Act of 2021 that was introduced in the House of Representative in 2020 mirrored, with a handful of notable exceptions,…