Robust Fallback Language News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With only ten months left until the phase-out of the London
Interbank Offered Rate (
LIBOR ),
transition efforts should be well underway. In this bulletin, we
discuss the ICE Benchmark Administration (the

IBA ) and/or the Financial Conduct
Authority s (the
FCA ) expected
announcement about the official cessation of LIBOR, and highlight
the modified timelines for transitioning from LIBOR to an alternate
risk-free rate (
RFR ) recommended by
the relevant working groups.
1.  Expected Announcement on LIBOR Cessation
On January 25, 2021, the administrator of LIBOR, the IBA,
concluded its consultation on the potential cessation of LIBOR
settings (the
IBA Consultation ).
1 The IBA intends to cease ....

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