Recent updates from the Bank of England, the New York Federal Reserve, and the International Swaps and Derivatives Association and Bloomberg in connection with publication of IBOR fallback rate adjustments should be welcomed...more
Following the announcement that LIBOR is to be replaced, the process of finding a suitable replacement is proving troublesome. Financial Institutions will no longer be required by the FCA to provide LIBOR rates after...more
The Financial Conduct Authority (FCA) announced in July 2017 that by the end of 2021, it would stop compelling banks to contribute LIBOR quotes. This announcement, considered by many as the death sentence for LIBOR, has...more