The disruption to capital markets caused by the COVID-19 pandemic has not shifted the overall timeline of regulators and industry bodies for the replacement of US dollar LIBOR with SOFR by the end of 2021.
With the expected...more
8/4/2020
/ Alternative Reference Rates Committee (ARRC) ,
Banks ,
Bonds ,
Capital Markets ,
CARES Act ,
Coronavirus/COVID-19 ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Agencies ,
ISDA Master Agreement ,
Libor ,
Loan Syndication and Trading Association (LSTA) ,
Loans ,
Main Street Lending Programs ,
Popular ,
Secured Overnight Funding Rate (SOFR) ,
Transitional Arrangements ,
UK
The novel coronavirus (COVID-19) pandemic is presenting the global markets with unprecedented challenges. Governments, corporations and the financial markets have been struggling to evaluate and adapt to the social and...more