The hard deadline for stopping new use of USD LIBOR following 31 December 2021 is rapidly approaching. Latest market practice as at end November 2021 suggests that some loan market participants are (at last) now contracting...more
Following the ARRC-recommended deadline for shifting to hardwired fallbacks, the syndicated loan market has begun to show signs of change -
Based on best practices published by the Alternative Reference Rates Committee...more
New legislation would ease benchmark transition for tough-to-amend contracts governed by NY law -
New York State Senator Kevin Thomas has introduced a bill that would provide a legislative fix for contracts that lack...more