Draft Libor Transition Language Released for Business Loans, Securitizations
The Alternative Reference Rates Committee today issued consultations on draft fallback language for bilateral business loans and securitizations that reference ...
Tag: Reference rates
CFTC’s Giancarlo Warns on ‘Zombie Libor,’ Emphasizes Need for Benchmark Transition
The Commodity Futures Trading Commission is working to “troubleshoot” issues in transitioning CFTC-regulated derivatives contracts from the London Interbank Offered ...
The Replacements
As the longstanding Libor rides off into the sunset, what will replace it? And what do banks need to do ...
FHLBs Issue $4B in Debt Tied to Alternative Reference Rate
As part of the ongoing effort to replace Libor with an alternative rate, the Federal Home Loan Banks today issued ...
SBA 7(a) Program Switches Fixed Base Rate from Libor to Prime
With the viability of the London Interbank Offered Rate uncertain beyond the end of 2021, the Small Business Administration is ...
Public Feedback Sought on Contract Language for Libor Transition
The Alternative Reference Rates Committee today issued consultations on draft fallback language for floating rate notes and syndicated business loans ...
Fed Gov. Quarles: Efforts to Implement SOFR Ahead of Schedule
In just three months since the secured overnight financing rate was published, the number of transactions underlying SOFR on a ...
New York Fed to Begin Publishing New Reference Rate on April 3
The Federal Reserve Bank of New York will begin publishing the Secured Overnight Financing Rate, or SOFR, on April 3, ...
From Libor to SOFR
Used for nearly half a century, Libor underpins more than $350 trillion of financial products. As regulators and the industry ...
Fed Seeks Comment on Plan to Publish Libor Replacement
The Federal Reserve today asked for public comment on a proposal for the Federal Reserve Bank of New York to ...
