02.05.21
12.22.20
On November 30, announcements were made by LIBOR’s administrator (ICE Benchmark Administration), LIBOR’s regulator (the UK Financial Conduct Authority), the U.S. regulators (Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation), the Alternative Reference Rates Committee (ARRC), and the International Swaps and Derivatives Association (ISDA) providing updates regarding the LIBOR transition. The key takeaways of these announcements were:
The LIBOR transition is an ongoing issue that we are closely monitoring. For additional information, you can watch our webinar—“LIBOR is ending: Are you prepared for the transition?”
Additional Resources: