Tester: Libor Fix Legislation Is in Must-Pass Spending Bill
A bipartisan, ABA-advocated bill to address “tough legacy” Libor contracts is included in the omnibus spending bill that Congress is ...
Tag: Reference rates
ABA-Backed Bipartisan Bill to Ease Libor Fixes Introduced in Senate
With two tenors of U.S. dollar Libor no longer being published the remainder set to cease by June 30, 2023, ...
ARRC Chairman: Legislations Needed to Address Libor Legacy Contracts
In a Barron’s op-ed today, Tom Wipf, chairman of the Alternative Reference Rates Committee, emphasized the need for legislation to ...
IRS Releases Final Regs on Tax Implications of Post-Libor Modifications
Shortly before the cessation of two U.S. dollar Libor tenors on Dec. 31, the IRS last week issued final regulations ...
Podcast: Navigating the Beginning of the End for Libor
5... 4... 3... 2... 1... The banking industry is in the final New Year's Eve countdown to the cessation of ...
FSOC: Climate Risk Tops Financial Stability Priorities
Climate-related risks rank among the top priorities for the Financial Stability Oversight Council, according to the FSOC annual report released ...
House Advances ABA-Supported Libor Legislation
By an overwhelming bipartisan vote of 415-9 today, the House passed H.R. 4616, the Adjustable Interest Rate (Libor) Act, an ...
CFPB Finalizes Reg Z Libor Proposal
As the industry prepares for the discontinuation of Libor, the CFPB today finalized changes to Regulation Z designed to facilitate ...
ABA, Trade Groups Urge Congress to Pass Libor Legislation
The American Bankers Association and a coalition of trade groups today urged congressional leaders to pass H.R. 4616, the Adjustable ...
ABA, Trade Groups Push for FHA Roadmap on Replacing Libor
The American Bankers Association and a coalition of trade groups today—in response to an advanced notice of proposed rulemaking by ...
