Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
Working Group on Risk-Free Reference Rates: Active transition of legacy GBP LIBOR loan contracts – Timelines and considerations for borrowers
On 9 July 2021, the industry-led Working Group on Sterling Risk-Free Reference Rates (Working Group) issued a paper to assist borrowers in understanding and achieving the end-Q3 milestone for active…
Global Regulation Tomorrow
New FCA webpage – UK MiFIR data reporting and LIBOR transition
On 9 July 2021, the FCA published a new webpage concerning UK MiFIR data reporting and LIBOR transition. Specifically, the new webpage deals with the following questions: Should a transaction…
Eye on IBOR Transition
HKMA directs all AIs to distribute LIBOR leaflet to corporate customers by 31 July 2021
By Sara S. M. Or, Maria C.K. Lau, Jacqueline Choi
On 8 July 2021, Hong Kong Monetary Authority (HKMA) issued a circular to all authorised institutions (AIs) requesting them to give a further push to promote the corporate sector's awareness…
Global Regulation Tomorrow
FSB urges action to complete the transition away from LIBOR by end-2021
On 6 July 2021, the Financial Stability Board (FSB) published a progress report to the G20 on LIBOR transition and remaining issues. The progress report to the G20 is structured…
Eye on IBOR Transition
Financial Stability Board Releases Latest Progress Report on LIBOR Transition, Urging Action to Complete Transition by Year-End and Calling Out the Loan Markets
By J. Paul Forrester, Mary Jo N. Miller
On July 6, 2021, the Financial Stability Board released its latest Progress Report to the G20 on LIBOR Transition Issues. The report finds that, given the extent of risks associated…
Global Regulation Tomorrow
FCA speech: LIBOR – 6 months to go
On 5 July 2021, the FCA published a speech by Edwin Schooling Latter (Director of Markets and Wholesale Policy) entitled LIBOR – 6 months to go. In his speech Mr…
Eye on IBOR Transition
Eeny, Meeny, Miny, Muse; Which LIBOR Alternative Shall I Choose?
By Mary Jo N. Miller, J. Paul Forrester, David K. Duffee
By now most, if not all, financial market participants know that the recommended alternative for the London InterBank Offered Rate (“LIBOR”) for U.S. Dollars is the Secured Overnight Funding Rate…
Global Regulation Tomorrow
The LIBOR Transition – Regulators continue to stress importance of companies addressing LIBOR transition NOW
By Patrick Dolan (US), Kathleen Scott (US)
Global and US financial services regulators are increasing their warnings on the impending end to the use of the London Interbank Offering Rate (LIBOR) as a reference rate in financial…
Global Regulation Tomorrow
ISDA consultation on fallbacks for GBP LIBOR ICE Swap Rate and USD LIBOR ICE Swap Rate
On 11 June 2021, the International Swaps and Derivatives Association (ISDA) launched a new consultation on how to implement fallbacks for certain swap rates published by ICE Benchmark Administration. Specifically…
Global Regulation Tomorrow
Mortgage interest rates and LIBOR: information for borrowers
On 11 June 2021, the FCA published a new webpage providing information to mortgagees on the impact of LIBOR reform. The webpage covers the following topics: Do I have a…