The disruption to capital markets caused by the COVID-19 pandemic has not shifted the overall timeline of regulators and industry bodies for the replacement of US dollar LIBOR with SOFR by the end of 2021.
With the expected...more
8/4/2020
/ Alternative Reference Rates Committee (ARRC) ,
Banks ,
Bonds ,
Capital Markets ,
CARES Act ,
Coronavirus/COVID-19 ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Agencies ,
ISDA Master Agreement ,
Libor ,
Loan Syndication and Trading Association (LSTA) ,
Loans ,
Main Street Lending Programs ,
Popular ,
Secured Overnight Funding Rate (SOFR) ,
Transitional Arrangements ,
UK
The novel coronavirus (COVID-19) pandemic is presenting the global markets with unprecedented challenges. Governments, corporations and the financial markets have been struggling to evaluate and adapt to the social and...more
On October 1, 2018, Chairman J. Christopher Giancarlo of the Commodity Futures Trading Commission ("CFTC") published a white paper entitled "Cross-Border Swaps Regulation Version 2.0: A Risk-Based Approach with Deference to...more
4/3/2019
/ CFTC ,
Comity ,
Commodity Exchange Act (CEA) ,
Cross-Border Transactions ,
Derivatives ,
Dodd-Frank ,
Foreign Jurisdictions ,
Global Market ,
Jurisdiction ,
Non-US Entities ,
Swap Dealers ,
Swaps ,
Systemic Risk Buffer ,
Variation Margin Requirements (VM) ,
White Papers