On April 6, 2021, New York Governor Andrew Cuomo signed into law the New York State Legislature’s Senate Bill 297B/Assembly Bill 164B (the New York LIBOR Legislation), strengthening the groundwork for the forthcoming...more
5/6/2021
/ Alternative Reference Rates Committee (ARRC) ,
Benchmarks ,
Contracts Clause ,
Federal Reserve ,
Governor Cuomo ,
Interest Rates ,
Legacy Contracts ,
Libor ,
New Legislation ,
Preemption ,
Safe Harbors ,
Secured Overnight Funding Rate (SOFR) ,
Trust Indenture Act
On November 30, 2020, Intercontinental Exchange, Inc. (ICE) announced that the ICE Benchmark Administration Limited (IBA), a wholly-owned subsidiary of ICE and the administrator of LIBOR, will consult in early December 2020...more
Regulators are increasing pressure on financial institutions to demonstrate that they are proactively addressing the transition away from LIBOR. On December 23, 2019, the New York State Department of Financial Services...more
1/13/2020
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Audit Committee ,
Banking Sector ,
Benchmarks ,
Broker-Dealer ,
CFTC ,
Compliance ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Form 10-K ,
Form 10-Q ,
Insurance Industry ,
Interest Rates ,
Investment Adviser ,
Investment Funds ,
ISDA ,
Libor ,
NYDFS ,
Prudential Regulation Authority (PRA) ,
Publicly-Traded Companies ,
Secured Overnight Funding Rate (SOFR) ,
Securities and Exchange Commission (SEC)