Browsing: Libor

Commercial Lending

As financial institutions around the globe continue preparing to transition financial contracts away from the London Interbank Offered Rate, which is not guaranteed to be sustained after 2021, BAFT—ABA’s global transaction banking subsidiary—and the International Trade and Forfaiting Association noted that the transition could have implications for master participation agreements.

Commercial Lending

House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles last week requesting a January briefing on efforts by the Fed and other prudential regulators to prepare banks for the transition away from the London Interbank Offered Rate.

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