Articles: 1-10 of 47
Q1 2022 update on LIBOR transition developments
USA - March 31 2022 Since passing the December 31, 2022 "no new LIBOR" line-in-the-sand drawn by regulators, the pace of new developments in LIBOR transition has slowed…
Federal LIBOR “Tough Legacy” Fix Gains Traction
USA - August 11 2021 On July 22, 2021, Representative Brad Sherman introduced H.R. 4616, the “Adjustable Interest Rate (LIBOR) Act of 2021” (the “Bill”) into the U.S…
Mid-Year Check In on LIBOR Transition Developments
United Kingdom - June 28 2021 The last few months have seen the pace of change accelerate in the business loan market's transition away from LIBOR. Several alternatives to the…
LMA Publish Recommended Form of Reference Rate Selection Agreement
United Kingdom - June 7 2021 On June 4, 2021, the Loan Market Association (LMA) published a recommended form of its reference rate selection agreement (the Selection Agreement)…
FCA Consults on Use of New LIBOR Transition Powers
United Kingdom - May 20 2021 Consultation on its proposed policy framework for exercising two of its new powers under the Benchmarks Regulation, as introduced by the UK Financial…
LSTA RFR Credit Agreements Are Here: LSTA publishes Daily SOFR (and Daily RFR) Concept Credit Agreements
USA - May 17 2021 On May 6, the LSTA published its long-awaited concept Daily SOFR and risk-free rate (RFR)-based multicurrency credit agreements (the Concept RFR…
LIBOR Legislation Bill Passed by New York State Legislature
United Kingdom, USA - April 15 2021 On March 24, 2021, the New York State Legislature passed a Senate Bill (the Bill) regarding the discontinuation of USD LIBOR, which will cease in…
ARRC Releases Supplemental Versions of its Recommended Hardwired Fallback Language
United Kingdom - March 29 2021 On March 25, 2021, the Alternative Reference Rates Committee (ARRC) released supplemental recommendations for its hardwired fallback language for US…
LMA Publishes Note on the Use of Forward-Looking Term SONIA Reference Rates
United Kingdom - March 29 2021 On March 26, 2021, the LMA published a note outlining considerations for market participants relating to the use of forward-looking term SONIA…
Are you Ready for the End of LIBOR? The Fed Issues Guidance on Assessing LIBOR Transition Progress
USA - March 17 2021 On March 9, 2021, the Federal Reserve in its Supervision and Regulation Letter (the Letter) provided guidance to Federal Reserve examiners and…
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