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ArentFox Schiff

The End of LIBOR: Hotel California Edition [Part III]

ArentFox Schiff on

During the London InterBank Offered Rate (LIBOR) transition, and post LIBOR’s end date of June 30, 2023, the goal for all should be that (1) the effective interest rates be generally economically equivalent as a result of the...more

Hogan Lovells

As economic headwinds increase, lenders need to focus more on ensuring good customer outcomes

Hogan Lovells on

The FCA has highlighted its concerns that lenders may not be ensuring fair outcomes for borrowers who find themselves in financial difficulty. With the cost of living crisis and a potential economic downturn, borrowers have a...more

Hogan Lovells

Borrowers in financial difficulty: FCA research report highlights areas of improvement for lenders

Hogan Lovells on

In the context of its ongoing Borrowers in Financial Difficulty project, the FCA has published a research report that suggests there’s scope for more and better engagement by lenders with such customers. The message in the...more

McNees Wallace & Nurick LLC

Transition From LIBOR Appears to Remain on Track (At Least for Now)

McNees Wallace & Nurick LLC on

As both lenders and borrowers in the financial industry are well aware, the Financial Conduct Authority (FCA) of the United Kingdom publicly announced in 2017 that it would no longer compel financial institutions comprising...more

Cohen & Gresser LLP

COVID-19: Will Borrower Defaults Increase?

Cohen & Gresser LLP on

On 11 March 2020, the Bank of England (the “Bank”) warned of “an economic shock that could prove sharp and large” resulting from the coronavirus outbreak that started in Wuhan, China, at the end of 2019. Presenting a package...more

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