Topic
LIBOR Transition
277 published works
Bright Law Blog
Ceasing the use of LIBOR in new contracts before the end of 2021
APRA, ASIC and the Reserve Bank of Australia have released a joint statement reiterating the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR). This…
Global Regulation Tomorrow
FSB issues statements to support a smooth transition away from LIBOR by end 2021
On 2 June 2021, the Financial Stability Board (FSB) published the following documents relating to the transition away from LIBOR by the end of 2021: An updated global transition roadmap…
Global Regulation Tomorrow
IOSCO statement – benchmarks transition
On 2 June 2021, the International Organization of Securities Commissions (IOSCO) issued a statement reiterating the importance of ensuring a smooth and timely transition away from LIBOR. Among other things…
Global Regulation Tomorrow
ICE Benchmark Administration Launches GBP SONIA Spread-Adjusted ICE Swap Rate® ‘Beta’ Settings
On 17 May 2021, it was announced that ICE Benchmark Administration Limited (IBA) had launched GBP SONIA Spread-Adjusted ICE Swap Rate® ‘Beta’ settings. IBA is publishing daily, indicative GBP SONIA…
Global Regulation Tomorrow
FCA and BoE encourage market participants in a switch to SONIA in the sterling exchange traded derivatives market from 17 June 2021
On 13 May 2021, the FCA and the Bank of England (BoE) issued a statement supporting and encouraging market users and liquidity providers in the sterling exchange traded derivatives market…
The CLS Blue Sky Blog
Sullivan & Cromwell Discusses New York Legislation on End of U.S. Dollar LIBOR
On April 6, 2021, the State of New York adopted long-anticipated legislation addressing the cessation of U.S. Dollar LIBOR (“LIBOR”). The legislation provides a statutory approach to so-called “tough legacy”…
Crunched Credit
LIBOR’s Winter is Coming
By Rick Jones
God knows I’m as sick of LIBOR transition as you are and writing about it twice in quick succession is annoying, but I think necessary. Here’s the headline which I…
Consumer Finance Monitor
MBA Provides Templates to Advise Borrowers of Upcoming LIBOR Transition
The Mortgage Bankers Association (MBA) recently released templates, one in a notice form and one in letter form, to advise borrowers with existing adjustable rate mortgage (ARM) loans that use…
Crunched Credit
SOFR Transition: It’s Not Done Yet!
By Rick Jones
We’ve written before about our anxiety regarding the fact that SOFR does not really seem fit for purpose to support commercial mortgage lending or indeed any cash product. (The nonsense…
Global Regulation Tomorrow
FMSB publishes Spotlight Review on LIBOR back book transition
On 20 April 2021, the FICC Markets Standards Board (FMSB) published a new Spotlight Review on LIBOR transition, looking at how market participants may manage potential conduct risks arising in…