A newly enacted New York statute will ease the transition from U.S. Dollar LIBOR to the Secured Overnight Financing Rate (SOFR) while reducing the uncertainty and litigation risk posed by agreements that cannot be amended to...more
As you may know, on July 27, 2017 the UK's Financial Conduct Authority (FCA) chief executive Andrew Bailey announced that market participants should not rely on the London Interbank Offered Rate (LIBOR) being available after...more
10/10/2017
/ Banking Sector ,
Benchmarks ,
Capital Markets ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Interest Rates ,
ISDA ,
Libor ,
Loan Agreements ,
Loan Market Association ,
Sterling Overnight Index Average (SONIA) ,
Swaps ,
UK