On April 8, 2020, the Alternative Reference Rate Committee (“ARRC”) agreed to align itself with the International Swaps and Derivatives Association, Inc. (“ISDA”), in recommending to the market a “spread adjustment”...more
4/10/2020
/ Alternative Reference Rates Committee (ARRC) ,
Banking Sector ,
Benchmarks ,
Central Counterparties ,
Clearing Agencies ,
Derivatives ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Interest Rates ,
Libor ,
Market Participants ,
Secured Overnight Funding Rate (SOFR) ,
Strategic Planning ,
Swaps ,
UK
The replacement of the London Inter-bank Offered Rate (“LIBOR”) in contracts evidencing loan, derivative and other transactions with maturities extending beyond 2021 is a massive undertaking involving legal and compliance...more
To the shock of corporate Britain the UK voted last week, by 52% to 48%, to leave the European Union. Within hours of the referendum result the British Prime Minister David Cameron announced that he would be standing down...more
7/2/2016
/ Competition ,
EFTA ,
EMIR ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
EU Single Market ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Free Movement ,
Free Trade Agreements ,
Immigration Reform ,
Intellectual Property Protection ,
International Labor Laws ,
One-Stop Shop ,
Referendums ,
UK ,
UK Brexit ,
WTO