FCA warns misleading benchmarks could create 'trust deficit'
Some benchmark constructors “have not accurately described the economic reality” of their product, the Financial Conduct Authority has warned.
Source: investmentweek.co.uk
Sensitive Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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A Deeper Dive Into The US Adjustable Interest Rate (LIBOR) Act - Finance and Banking
On March 15, 2022, President Biden signed the Adjustable Interest Rate (LIBOR) Act into law (the "LIBOR Act").1 The LIBOR Act provides a clear and uniform federal solution...
Source: mondaq.com
UPDATED: Term SOFR vs BSBY vs Ameribor in the Loan Market | Moore & Van Allen PLLC
To embed, copy and paste the code into your website or blog: This is an update to a previous post. This update highlights the formal endorsement of Term SOFR by the ARRC, expands the discussion to include Ameribor and dives more deeply into the issues associated with Term SOFR swaps resulting in a mismatch with any related hedge by the Lender. The ARRC has endorsed (HERE) CME’s Term SOFR. One of the bigger pieces to this announcement and earlier related announcements (Scope of Use Cases), is that U.S. regulators will also permit Term SOFR Swaps, when one of the parties is an “end-user”....
Source: jdsupra.com
LSTA Adds 'Credit-Sensitive Rate' Rider for LIBOR Fallback Language | Troutman Pepper
In what may be the first step in a move away from the Secured Overnight Financing Rate (SOFR) as the replacement rate for LIBOR, the Loan Syndications & Trading Association (LSTA)...
Source: jdsupra.com