As market participants prepare to submit comments on the recent proposal of the UK’s Financial Conduct Authority (the “FCA”) (available here) to require the temporary publication of a “synthetic” 1-, 3- and 6-month USD LIBOR,...more
This past Monday, July 26, marked passage of the most recent major milestone in the replacement of LIBOR as the benchmark USD interest rate. Following the recommendation of the CFTC’s Market Risk Advisory Committee (MRAC)...more
7/29/2021
/ Brokers ,
CFTC ,
Financial Conduct Authority (FCA) ,
Governor Cuomo ,
ICE Benchmark Administration (IBA) ,
Interest Rates ,
Lending ,
Libor ,
New Legislation ,
New York ,
Secured Overnight Funding Rate (SOFR) ,
UK