Topic
LIBOR Transition
277 published works
Global Regulation Tomorrow
The LIBOR Transition – Guidance for assessing FRB-supervised firms planned transition away from LIBOR
By Patrick Dolan (US), Kathleen Scott (US), Mary Kate Fields (US)
Following up on our past posts on the transition away from the use of the London Interbank Offering Rate (“LIBOR”) as a reference rate, recently, the Board of Governors of…
Global Regulation Tomorrow
Working Group on Sterling Risk-Free Reference Rates – Transition from LIBOR in Sterling Structured Products
On 19 April 2021, the Working Group on Sterling Risk-Free Reference Rates published a paper that builds on its work to date in areas relating to the bond market and…
Eye on IBOR Transition
Recent Congressional Hearing Indicates that Federal LIBOR Transition Assistance Law Increasingly Likely
Testimony at a virtual hearing on Thursday, April 15, 2021, of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets of the US House Committee on Financial Services reinforced regulatory…
Global Regulation Tomorrow
The LIBOR Transition – NY LIBOR Legislation Enacted
By Patrick Dolan (US), Kathleen Scott (US), Mary Kate Fields (US)
On April 6, 2021, New York Governor Mario Cuomo signed into law legislation tackling the uncertainties surrounding the LIBOR transition, particularly for legacy contracts. The new law amends the New…
Free Writings + Perspectives
The New York LIBOR Legislative Solution Becomes Law
By Bradley Berman, J. Paul Forrester
On April 7, 2021, the proposed New York “legislative solution” for legacy USD LIBOR contracts became Article 18-C of the New York General Obligations Law. Article 18-C is primarily aimed at USD…
Global Regulation Tomorrow
PRA / FCA Dear CEO letter – transition from LIBOR to Risk Free Rates
On 26 March 2021, the PRA and FCA (together the regulators) published a joint Dear CEO letter on the transition from LIBOR to Risk Free Rates. Key points in the…
Eye on IBOR Transition
FCA Announcement Helps LIBOR Transition for Derivatives to Pick Up Speed
By Edmund "Ed" Parker, Robyn Llewellyn
What does the 5 March 2021 announcement by the UK Financial Conduct Authority on the future cessation or loss of representativeness of all 35 LIBOR benchmarks mean for the over 13,500…
New York Business Law and Commercial Litigation Blog
New York Legislation Addressing Discontinuance Of Libor Awaiting Governor’s Signature
As we discussed in an article a couple of months ago, LIBOR (the London Inter-Bank Offered Rate), an interest rate benchmark that is used as a reference rate for a…
China Law Insight
伦敦银行间同业拆借利率(LIBOR)停用：揭开向无风险利率转变的神秘面纱
By King & Wood
官方消息：2021年3月5日，英国金融市场行为监管局（Financial Conduct Authority，简称“FCA”）宣布：“所有LIBOR的定价或者将不再由任何管理者发布，或者将在未来的特定日期不再具有代表性……”。这向市场参与者传达了一个明确的信息：“现在行动起来，在2021年底前完成转换。”具体请见下文中对相关重要节点的介绍。
Global Financial Regulatory Blog
FCA Confirms Dates for Cessation of LIBOR Benchmarks
By Becky Critchley and Anna Lewis-Martinez On 5 March 2021, the UK’s Financial Conduct Authority (FCA) formally announced the dates for the cessation of all London Interbank Offered Rate (LIBOR)…