ARRC Chairman: Urgent Action Needed on Libor Transition
n a Bloomberg op-ed today, Tom Wipf, chairman of the Alternative Reference Rates Committee, emphasized the need for public and ...
Tag: Reference rates
Podcast: One Year Left in the Libor Endgame
The administrator of the London Interbank Offered Rate has made what was expected official: the widely used benchmark will cease ...
ICE Proposes Plan for U.S. Dollar Libor Cessation
Intercontinental Exchange, which administers the London Interbank Offered Rate, today proposed a plan to cease publishing U.S. dollar Libor after ...
FSB: Continued Engagement Needed on Libor Transition
With the COVID-19 pandemic highlighting the “fundamental weakness” in the London Interbank Offered Rate, financial and nonfinancial firms must accelerate ...
Agencies Reiterate That Banks May Use ‘Appropriate’ Non-SOFR Libor Alternatives
The federal banking agencies today issued a statement reiterating that they are not endorsing a specific replacement rate for the ...
Agencies: No Plans to Recommend Credit-Sensitive Element to SOFR
The U.S. financial agencies do not plan to recommend a credit-sensitive element to the Secured Overnight Financing Rate or a ...
FSB Issues ‘Road Map’ for Financial Firms’ Libor Transitions
The Basel, Switzerland-based Financial Stability Board on Friday released a “global transition road map” to help financial firms navigate potential ...
ISDA Formally Launches Protocol for Rate Fallbacks on Derivatives
The International Swaps and Derivatives Association announced today that its framework for reference rate fallbacks will launch on Oct. 23.
New York Fed’s Held: ‘Libor Countdown Has Not Stopped’
Despite the pandemic, financial institutions should not expect a delay in the Dec. 31, 2021, date when publication of the ...
ARRC Updates Libor Fallback Language for Business Loans
The Alternative Reference Rates Committee today released updated recommended fallback language for newly originated bilateral business loans that reference the ...
