Interest Rates Watch: LIBOR Transition – A Limited Legislative Solution - Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com. Welcome back to our Interest Rates Watch series, developed to provide timely updates and practical advice on developments related to interest rates and benchmarks on a regular basis. As always, we are here to help. BACKGROUND What Happened? Having been introduced by Governor Cuomo earlier in January, on March 24, 2021, the New York State Legislature passed a LIBOR discontinuance bill 1 (the LIBOR Transition Legislation). This bill is based on the Alternative Reference Rates Committee (ARRC)...
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