Topic
LIBOR Transition
277 published works
The CLS Blue Sky Blog
Debevoise & Plimpton Discusses the State of the LIBOR Transition
By Ramya Tiller, Jeff Ross, Paul Brusiloff, Emilie Hsu, Courtney Bradford Pike
On March 5, 2021, LIBOR’s administrator, ICE Benchmarks Administration (the “IBA”), and LIBOR’s regulator, the U.K. Financial Conduct Authority (the “FCA”), announced that LIBOR will no longer be provided (i)…
Global Regulation Tomorrow
Commission consultations on draft Implementing Regulations designating replacement rates for CHF LIBOR and EONIA benchmark
On 3 August 2021, the European Commission issued consultations on the following delegated acts: Commission Implementing Regulation (EU) on the designation of a statutory replacement for certain settings of CHF…
China Law Insight
LIBOR Transition – Forward-looking Term SOFR Is Here
By King & Wood
In this article, we will take a closer look at Term SOFR, how it differs to existing backward-looking SOFR calculation methodologies, and ARRC’s recommended Term SOFR loan conventions and best…
Global Regulation Tomorrow
ARRC formally recommends Term SOFR
By Davide Barzilai (UK), Yu-En Ong, Colin Rice (SG), David Milligan (Hong Kong), Sophy Teng (SG)
On 29 July 2021, the ARRC has formally recommended the CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (Term SOFR). It follows the completion of interdealer trading conventions…
Global Regulation Tomorrow
ISDA announces results of consultation on fallbacks for GBP LIBOR ICE Swap Rate and USD LIBOR Swap Rate
On 23 July 2021, the ISDA announced the results of its consultation on the implementation of fallbacks for the sterling LIBOR ICE Swap Rate and the US dollar LIBOR ICE…
Crunched Credit
It’s Time for The Industry to Engage on SOFR’s Voldemort Problem
By Rick Jones
It’s a rule around here that I don’t write on the same topic twice in a row because if you don’t get bored, I will. I am making an exception…
Global Financial Regulatory Blog
“SOFR First” Initiative Takes Flight
As the countdown to the LIBOR sunset enters its final six months, the CFTC staff is trying to help the market transition. By Yvette D. Valdez and Deric Behar With…
Eye on IBOR Transition
Almost Time for Term SOFR
By Mary Jo N. Miller, David K. Duffee, J. Paul Forrester
On 21 July 2021, the U.S. Alternative Reference Rates Committee (“ARRC”) announced the publication of conventions and use cases for employing Term SOFR, as produced by CME Group, in transitioning…
Eye on IBOR Transition
Alabama Passes LIBOR Bill Substantively Identical to New York Bill
By Aaron Gavant, Samuel R. Rabuck
In April 2021, Alabama followed New York’s lead and passed the LIBOR Discontinuance and Replacement Act of 2021, a bill aimed at addressing LIBOR cessation with respect to USD LIBOR…
Global Regulation Tomorrow
FCA CP21/22: LIBOR transition and the derivatives trading obligation
On 14 July 2021, the FCA published Consultation Paper 21/22: LIBOR transition and the derivatives trading obligation (CP21/22). The proposals in CP21/22 will be of interest to financial counterparties, like…