Bumpy ride expected as Libor reaches end of road
Heavy reliance on contractual fallbacks leaves market facing series of post-cessation risks
Source: risk.net
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Beyond Libor: the impact of SOFR on rates, bonds and loans
Dmitry Pugachevsky, director of research at Quantifi, explores how the transition from Libor to the secured overnight financing rate (SOFR) impacts rates, bonds
Source: risk.net
UK Financial Conduct Authority Requires IBA to Publish Synthetic LIBOR
The UK Financial Conduct Authority announced that it would indeed require IBA to publish an unrepresentative synthetic USD LIBOR for 1-, 3- and 6-month tenors for an additional year, which is expected to be further extended through September 30, 2024
Source: natlawreview.com
Synthetic US dollar LIBOR to cease in September 2024
The FCA has extended the usage of synthetic US dollar LIBOR to September 2024, extending the deadline past its previous end date of June 2023.
Source: investmentweek.co.uk
Federal Reserve Implements LIBOR Act
The Board of Governors of the Federal Reserve System adopted a final rule to implement the Adjustable Interest Rate Act, LIBOR Act. The Final Rule addresses many of the comments received on the Proposed Rule and sets forth the Board’s final decision on a number issues.
Source: natlawreview.com