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August 19, 2022
On August 12, the Commodity Futures Trading Commission (“CFTC”) issued a final rule amending its Regulation 50.4(a) clearing requirements for swaps. The latest in a...
December 28, 2021
By John McCrank NEW YORK (Reuters) - Libor, or the London Interbank Offered Rate, which had $265 trillion linked to it globally at the start of 2021, is being phased out for the most part on Jan. 1.
April 6, 2021
Tuesday, April 6, 2021 Much information has been published in recent months on the discontinuation of The London Inter-bank Offered Rate (LIBOR) and what is to replace it. Set out below is a summary of what has happened and how it is likely to affect corporates. WHAT HAS HAPPENED? Regulators have expressed concerns about the suitability of the LIBOR benchmark as far back as 2017, and the need for an alternative. Whilst LIBOR will continue to be available until the end of 2021, there...