Dive Brief:
An announcement by the administrator of the London Interbank Offered Rate (LIBOR) that it will delay to mid-2023 the sunsetting of some of the most commonly used tenors of the benchmark rate widely reduced credit risk because it provides additional time for U.S. dollar exposures to decline and for issuers, structured finance deals and others to prepare for a switch to alternative reference rates, Moody’s Investors Service said in a report.
The U.K. Financial Conduct Authority on March 5 said the final fixings for most LIBOR rates including 1-week and 2-month U.S. dollar LIBOR will be made on Dec. 31, 2021, but other U.S. dollar tenors may continue until June 30, 2023.
As widely expected, the United Kingdom's Financial Conduct Authority (FCA), the regulator for Libor (the London Interbank Offered Rate), has issued an announcement confirming that all.
Asian companies ready debt deals under new benchmark rate rules yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
As reported in our previous alert “Losing LIBOR in the Capital Markets Are You Ready?,” the anticipated date for discontinuation of the London Interbank Offered Rate (LIBOR) is.
FCA Announces Future Cessation And Non-Representativeness Of Libor Benchmarks - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.