Cuomo Signs ARRC-Backed Libor Transition Legislation
New York Gov. Andrew Cuomo yesterday signed a bill developed by the Alternative Reference Rates Committee that will facilitate the ...
Tag: Reference rates
Ironing Out the Wrinkles in the Post-Libor Landscape
U.S. dollar Libor will officially come to an end starting this year. With just months to go in the transition ...
ARRC Outlines Approach for Using SOFR in New Issuances of Securitized Products
With the publication of all tenors of London Interbank Offered Rate set to cease after June 30, 2023, the Alternative ...
ARRC Supplements Its Recommended Libor Fallback Language for Business Loans
As part of its ongoing effort to support the transition away from the London Interbank Offered Rate, the Alternative Reference ...
ARRC: No Guarantee on Forward-Looking SOFR Term Rate in 2021
The Alternative Reference Rates Committee today said it “will not be in a position” to recommend a forward-looking term rate ...
ARRC: USD Libor Exposure Grows as Cessation Deadline Nears
The volume of financial instruments that reference USD Libor has grown to $223 trillion, up from $199 trillion in 2016, ...
ICE Finalizes Plans to Cease Publishing U.S. Dollar Libor
Intercontinental Exchange, which administers the London Interbank Offered Rate, today finalized plans to cease publishing U.S. dollar Libor after the ...
OCC Releases Libor Transition Self-Assessment Tool
As banks prepare for the eventual cessation of the London Interbank Offered Rate, the OCC today released a self-assessment tool ...
ARRC Releases Conventions for SOFR-Based Intercompany Loans
The Alternative Reference Rates Committee today issued recommendations for intercompany loans based on the Secured Overnight Financing Rate, the ARRC’s ...
Replacing Libor: Still a Priority Job for 2021
A portfolio of benchmarks is emerging to meet bankers’ diverse rate needs as Libor recedes in history’s rearview mirror.
