In recent weeks, U.S. banks have been receiving inquiries from the U.S. Federal Reserve System (the “Fed”) in connection with the banks’ current London Inter-Bank Offered Rate (“LIBOR”) exposure, plans for amendments which...more
The U.S. dollar LIBOR interest rate index is the most widely used variable interest rate benchmark in the world, serving as the reference rate for over an estimated $200 trillion of financial products worldwide, and official...more
10/30/2020
/ Alternative Reference Rates Committee (ARRC) ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Transactions ,
Interest Rates ,
ISDA ,
ISDA 2020 IBOR Fallbacks Protocol (Protocol) ,
Libor ,
Loan Agreements ,
Secured Overnight Funding Rate (SOFR) ,
UK