The Consumer Financial Protection Bureau (the Bureau) has issued proposed regulations (Proposed Regulations) to facilitate the transition away from Libor (the London Interbank Offered Rate) in the consumer credit market, and...more
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly issued proposed regulations (Proposed Regulations) to address concerns and reduce uncertainty regarding the tax impact of the anticipated...more
10/28/2019
/ Alternative Reference Rates Committee (ARRC) ,
Comment Period ,
Derivatives ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Stability Board ,
Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
ISDA ,
Libor ,
Proposed Regulation ,
Secured Overnight Funding Rate (SOFR) ,
Tax Liability ,
U.S. Treasury
• New legislation has been proposed in Pennsylvania imposing specific restrictions and parameters on interest rate swaps entered into by certain cities, counties and municipal authorities in the Commonwealth, and imposing new...more