In anticipation of LIBOR discontinuation, the SEC will begin examining transition progress. Nearly a year after the US Securities and Exchange Commission’s (SEC’s) release of a Staff Statement on ...
Global LIBOR transition efforts continue apace. However, switching hedged loans to risk free rates is a particularly challenging area. We discuss what borrowers, lenders and hedge providers really ...
The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help banks and other types of businesses make the transition from the London Interbank Offered Rate ...
These Legacy LIBOR Instruments provide by their terms that USD LIBOR will be replaced by a rate that matches the Board-selected benchmark replacement if the issuer determines that a benchmark ...
New survey finds that over 50% of firms no longer trade USD Libor-indexed products, suggesting that the transition away from USD Libor is well underway. According to a new survey from Bloomberg, ...
At this point, not even a pandemic can derail the long-anticipated retirement of LIBOR (the London Interbank Offered Rate) at the end of 2021. That means time is running out for market participants ...
With clear timelines now established for the cessation of the London Inter-bank Offered Rate (LIBOR), all firms should actively prepare. As part of our support for firms during this transition, we’ve ...
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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
The London Interbank Offered Rate (LIBOR) was established in the early 1970s, but regulators are set to phase it out at the end of 2021. LIBOR – the average interest rate at which major banks borrow ...
Differences in LIBOR replacement rates could upset complex deal structures. Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on ...
In addition to his role within LCH’s Rates Derivatives business, Philip Whitehurst represents LCH on a number of industry groups working on benchmark reform, including the Alternative Reference Rates ...