On November 30, 2020 UK and US regulators published a series of statements providing guidance and milestones for the transition away from LIBOR and cessation of LIBOR rate publication....more
On November 30, 2020, the UK and US banking regulators published a series of statements that provide further guidance and milestones for the transition away from the London Inter-Bank Offered Rate (LIBOR) and cessation of...more
As both lenders and borrowers in the financial industry are well aware, the Financial Conduct Authority (FCA) of the United Kingdom publicly announced in 2017 that it would no longer compel financial institutions comprising...more
8/18/2020
/ Alternative Reference Rates Committee (ARRC) ,
Banks ,
Benchmarks ,
Borrowers ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Interest Rates ,
Lenders ,
Libor ,
Secured Overnight Funding Rate (SOFR) ,
Transitional Arrangements ,
UK