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August 02, 2022
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August 02, 2022
President Signs LIBOR Bill to Address Legacy Contracts
President Biden signs law for uniform process to replace LIBOR in legacy contracts, designed to prevent disruptive litigation.
March 29, 2022
SEC Chair Gensler Takes Aim at Potential Alternative Rate to LIBOR
SEC Chair Gary Gensler singled out his preference for the Secured Overnight Financing Rate (SOFR) as the alternative reference rate to LIBOR.
October 05, 2021
New York Adopts LIBOR Law, Effective Immediately
New York’s long anticipated legislation to discontinue use of the London Inter-Bank Offered Rate (LIBOR) was signed into law on April 6 and is effective immediately. The New York law...
April 13, 2021
CFTC Chair Warns of Risks, Presses for Transition Away From LIBOR
To avoid a “financial Chernobyl,” CFTC Chairman Heath Tarbert is calling on the private sector to do its part to embrace the ISDA supplement and fallback protocol as the markets...
October 20, 2020
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