The transition from LIBOR was set into motion after a criminal rate-setting conspiracy implicated large international banks and undermined public confidence in the index. The Consumer Financial ...
After 2021, the UK’s Financial Conduct Authority will no longer encourage or compel banks to provide quotes for LIBOR. LIBOR will likely change or be discontinued entirely. Parties should scrutinize ...
On June 4 the Consumer Financial Protection Bureau (CFPB) issued proposals to address issues arising from the required transition away from the London Interbank Offered Rate (LIBOR) scheduled for the ...
Differences in LIBOR replacement rates could upset complex deal structures. Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on ...