The U.S. dollar LIBOR interest rate index is the most widely used variable interest rate benchmark in the world, serving as the reference rate for over an estimated $200 trillion of financial products worldwide, and official...more
10/30/2020
/ Alternative Reference Rates Committee (ARRC) ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Transactions ,
Interest Rates ,
ISDA ,
ISDA 2020 IBOR Fallbacks Protocol (Protocol) ,
Libor ,
Loan Agreements ,
Secured Overnight Funding Rate (SOFR) ,
UK
As the title suggests, U.S. LIBOR (LIBOR) is going away, with official announcements expected as soon as year-end 2020 of LIBOR’s December 31, 2021 demise. The end of LIBOR will be replete with a plethora of risks for banks,...more
10/23/2020
/ Borrowers ,
Capital Markets ,
Credit Agreements ,
Federal Reserve ,
Interest Rate Hedging Product ,
Interest Rates ,
Legislative Agendas ,
Lenders ,
Libor ,
Loans ,
Mortgages ,
Private Fund Limited Partnerships (PFLPs) ,
Regulatory Oversight ,
Secured Overnight Funding Rate (SOFR) ,
Securities and Exchange Commission (SEC) ,
Transfers of Value ,
U.S. Treasury