Understanding LIBOR: Its Role and Replacement

The London Interbank Offered Rate (LIBOR) was a major global interest rate benchmark, which was replaced by SOFR. Learn about ...
American Banker

Losing Libor will be messy

Remember the London interbank offered rate, also known as Libor? That rate that no one paid attention to, but then suddenly was on the front page of every newspaper because of the way some reporting ...
JD Supra

The Effect of LIBOR Cessation on Bonds – What’s a Trustee to do?

On April 6, 2021, New York Governor Cuomo signed into law legislation aimed to provide legal certainty and curb litigation as LIBOR is discontinued in favor of another fallback benchmark rate.[1] ...
JD Supra

Transitioning for the End of LIBOR

In July 2017, Andrew Bailey, chief executive of the UK Financial Conduct Authority (FCA), announced that by the end of 2021, the FCA would no longer seek to compel or persuade panel banks to submit ...
American Banker

Say goodbye to Libor, or risk the ire of your regulator

It’s time to stop “postponement syndrome” over the expiration of the London interbank offered rate. There can be no more stalling. In March, Federal Reserve Vice Chair for Supervision Randal Quarles ...
Accounting Today

FASB proposes guidance on LIBOR transition

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help banks and other types of businesses make the transition from the London Interbank Offered Rate ...
Barron's

Libor Is Over. We Still Need More Benchmarks to Replace It.

About the authors: J. Christopher Giancarlo served as chairman of the U.S. Commodity Futures Trading Commission. He was previously an independent director of the American Financial Exchange, the ...
Reuters

The end of Libor - the biggest banking challenge you've never heard of

LONDON (Reuters) - On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a ...
Forbes

Replacing LIBOR: The Countdown Begins

There are only a few certainties in life: death, taxes and change. When questioned about what’s going to change in the next 10 years, Jeff Bezos rhetorically answers what’s not going to change in the ...
Bloomberg L.P.

Libor Is Dead, Almost! What It Was, What Comes Next

For half a century the series of interest rates known collectively as the London interbank offered rate, or Libor, has helped determine the cost of all sorts of borrowing around the world. But over ...
Morningstar

Libor Rising to the Occasion

This article appears in the February 2017 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting the website. The three-month London Interbank Offer Rate (Libor) ...