ABA’s Benton Discusses Importance of Getting Libor Transition Right
With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial ...
Tag: Libor
FASB Proposes Guidance to Ease Libor Transition
As banks work to reduce their dependence on the London Interbank Offered Rate, the Financial Accounting Standards Board yesterday proposed ...
SEC Urges Market Participants to Prepare for Libor Transition
The Securities and Exchange Commission late Friday issued a statement warning of the potential consequences for financial markets if the ...
ARRC Releases White Paper on Using SOFR Average for ARM Products
The Alternative Reference Rates Committee yesterday released a white paper that shows how to use an average of the Secured ...
Powell: Trade Uncertainties, Slowing Global Growth Putting Pressure on U.S. Economy
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell said he and his colleagues “don’t expect ...
ARRC Issues Recommendations on Risk-Free Rates in Cross-Currency Swaps
The Alternative Reference Rates Committee today released a document offering preliminary considerations for the use of risk-free rates in interdealer ...
Rep. McHenry Presses Fed for More Guidance on Libor Transition
House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles this ...
FASB to Provide Relief on Libor Transition
As banks prepare to make the transition away from the London Interbank Offer Rate as a benchmark interest rate, the ...
Quarles to Banks: Begin Transition from Libor Now
In the clearest terms expressed by any regulator to date, Federal Reserve Vice Chairman for Supervision Randal Quarles emphasized that ...
Libor Transition Panel Issues Fallback Language for Bilateral Business Loans, Securitizations
The Alternative Reference Rates Committee today issued its fallback language recommendations for bilateral business loans and securitizations that reference the ...
