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
LIBOR Update– ARRC Creates Transition Checklist for Asset Managers, Owners
LIBOR Update – ARRC Creates Transition Checklist for Asset Managers, Owners February 20, 2020 The Federal Reserve Board’s Alternative Reference Rates Committee (ARRC) has created a checklist to assist...
February 20, 2020
Tags: Federal Reserve Board, House Financial Services, Libor
SEC’s Investor Advisory Committee Considers LIBOR Transition, Accounting and Auditing Trends
SEC’s Investor Advisory Committee Considers LIBOR Transition, Accounting and Auditing Trends March 25, 2020 The potential investor impact of the transition away from LIBOR was addressed by an expert...
March 25, 2020
Tags: Libor
UK Regulators to Asset Managers Prepare for the End of LIBOR
UK Regulators to Asset Managers: Prepare for the End of LIBOR March 25, 2020 The UK’s Financial Conduct Authority has sent a letter to all UK asset management firms...
March 25, 2020
Tags: International, Libor
SEC Announces Exam Initiative on LIBOR Transition Preparedness
SEC Announces Exam Initiative on LIBOR Transition Preparedness June 18, 2020 In a new Risk Alert, the SEC examination staff has announced a new 2020 initiative to examine advisers’ (and...
June 18, 2020
Tags: Libor, SEC Examinations
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
Tags: CFTC, Heath Tarbert, Libor