Banking Sector, Derivatives, Capital Markets

International bodies issue final report on transparency and responsiveness of initial margin in centrally cleared markets

A&O Shearman on 1/27/2025

The Basel Committee on Banking Standards, Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions has published a final report on transparency and responsiveness of...more

CRT Transactions in the EU, U.K. and the United States

A&O Shearman on 12/6/2024

In this bulletin, we consider the current state of the EU, U.K. and U.S. markets for credit risk transfer (“CRT”) transactions, with a particular focus on the fund finance market. For a more in-depth introduction to this...more

How Best to Navigate the LIBOR Transition: Challenges and Solutions for Corporate Treasurers and CFOs

A&O Shearman on 11/10/2020

The LIBOR transition is not simply a “bank problem.” With the looming transition deadline of year-end 2021, we specifically designed a guide for corporates entitled, How Best to Navigate the LIBOR Transition: Challenges and...more

SOFR Surge Event: What Just Happened?!

A&O Shearman on 9/19/2019

SOFR – the secured overnight funding rate in USD – is a rate published by the New York federal reserve based upon secured overnight transactions in the repo market. It is of increasing importance, since it has been regarded...more

Après LIBOR: Black Swan or Y2K

Sullivan & Worcester on 7/5/2018

A practical guide to the cessation of LIBOR and the transition to a new replacement benchmark rate. Unquestionably, the London Inter-Bank Offered Rate ("LIBOR") is an integral part of nearly every type of financial product...more

FCA Announces Discontinuation of LIBOR

Hogan Lovells on 10/10/2017

As you may know, on July 27, 2017 the UK's Financial Conduct Authority (FCA) chief executive Andrew Bailey announced that market participants should not rely on the London Interbank Offered Rate (LIBOR) being available after...more