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CFTC Subcommittee Recommends July 26 for USD LIBOR-SOFR Transition for Linear Swap Trading Conventions

United Kingdom, USA - June 22 2021 A Commodity Futures Trading Commission (CFTC) subcommittee voted on June 8 to recommend that interdealer brokers transition from the U.S. Dollar…

Peter Beardsley, Anthony Pirraglia

New Guidance Issued to Help Finance Industry Move Out of LIBOR Limbo

United Kingdom, USA - May 13 2019 In just two and a half years, the global financial services industry is expected to cease using the London Interbank Offered Rate (LIBOR), the…

Bryan G. Petkanics, Anthony Pirraglia

GAO: Bank Leveraged Lending Guidance a Rule, Not Guidance

USA - October 25 2017 As we promised in our April 2017 Client Alert (Bank Leveraged Lending: Guideline or Rule?), we have been following the request made by Sen. Patrick…

Bryan G. Petkanics

Reports of the Death of LIBOR Are No Longer Exaggerated

United Kingdom - August 29 2017 The death of LIBOR (the London Interbank Offered Rate), the standard measure of interest rates for many financial products, has long been forecast. In…

Bryan G. Petkanics

Subscription lenders - beware of investor opt-out

USA - July 30 2015 Subscription lenders to a private equity fund base their credit decisions on the quality of the fund's investors whose capital commitments to the…

Bryan G. Petkanics