Headlines
FDIC Adjusts Deposit Insurance Assessment Calculations to Address CECL Transition
Federal Banking Agencies Announce Call Report Changes Related to COVID-19 Relief
OCC Issues LIBOR Self-Assessment Tool to Gauge Rate Transition Risks for Smaller Banks
Other Developments: Fair Housing and Paycheck Protection Program
1. HUD, VA, and USDA Coordinate Extensions of COVID-19 Relief for Homeowners
The U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Department of Agriculture (USDA) have announced a coordinated extension of forbearance and foreclosure relief programs for homeowners through June 30, 2021 in response to the ongoing COVID-19 public health emergency. The agencies announced on February 16 that each will extend its existing moratorium on evictions and foreclosures for home mortgage loans guaranteed by the VA or USDA, and for single-family home mortgage loans insured by the Federal Housing Administratio
Preparing for Take-Off: The LIBOR Transition and Aviation Finance | Pillsbury Winthrop Shaw Pittman LLP
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Investegate |Nat Bank of Canada Announcements | Nat Bank of Canada: Interim Financial Statements Q1 2021 ( Part 2)
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Grupo BMV: Asigna s Notice To Clearing Members, Trading Members And All Participants - Adjustment To The Discount Curve For Tiie Swap Contracts Date
23/02/2021
USD LIBOR rate is an interest rate that has been used widely for more than three decades as a reference rate for financial contracts and as benchmark to gauge funding cost and investment returns for a broad range of financial products. For several reasons regulators want to retire USD LIBOR with a full phase-out by the end of 2021 with a new reference rate known as SOFR (Secured Overnight Funding Rate).
On March 26th,2021 after market close, Asigna will transition to discount all TIIE swap open position with SOFR OIS curve, instead of Fed Funds OIS curve as is discounted these days.