OCC’s Hsu: Regulators See No Future for ‘Zombie’ Libor
With several tenors of Libor scheduled to sunset at year-end, Acting Comptroller of the Currency Michael Hsu today emphasized that ...
Tag: Reference rates
Survey: 79% of Firms Have Libor Transition Plan in Place
The majority of financial services firms, 79%, have some internal Libor transition plan in place, according to a new survey ...
Federal Banking Regulators Urge Continued Transition Away From Libor
In a joint statement today, the federal and state banking regulators emphasized that supervised institutions are expected to continue to ...
OCC Releases Updated Libor Transition Self-Assessment Tool
As banks prepare for the forthcoming cessation of Libor, the OCC today released an updated self-assessment tool for banks to ...
ARRC Recommends Slowing Use of Libor to Ease Transition
The Alternative Reference Rates Committee today recommended that all market participants slow their use of Libor over the next six ...
HUD Seeks Input on Libor Transition for ARMs
With certain tenors of Libor set to cease publication in December—and with the majority of adjustable rate mortgages insured by ...
Quarles: Lenders Need to ‘Pick up the Pace’ on Libor Transition
Lenders need to “pick up the pace” to be ready for the year-end change away from Libor to alternative reference ...
ARRC Issues FAQs on SOFR Term Rate Best Practices
The Alternative Reference Rates Committee today published a set of frequently asked questions addressing its recent best practices recommendations related ...
Treasury, Agencies Urge Financial Institutions to Offer USD Libor Alternatives
In a letter to nonfinancial corporations today, the heads of the Treasury Department, Federal Reserve, Securities and Exchange Commission and ...
Refinitiv Launches USD IBOR Cash Fallbacks Prototype
The Alternative Reference Rates Committee today welcomed the prototype publication launch of its recommended spread adjustments and spread adjusted rates ...
