On January 30, 2020, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange...more
OVERVIEW -
- An estimated $350 trillion of financial contracts and securities tied to LIBOR
- End of 2021: LIBOR to be discontinued
- Prior to End of 2021:
- Pre-cessation trigger
- If LIBOR becomes...more
On August 20, 2019, the Board of Directors of the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) approved amendments to regulations implementing Section 13 of the Bank...more