The Financial Stability Board has urged market participants to act promptly to ensure that their USD LIBOR-linked contracts are transitioned to a new reference rate by the end of June deadline. With ...
As if they didn’t have enough to deal with, banks are faced with a succession of serious challenges over the next two years as they face up to the reality of the end of Libor. Firstly, they must ...
During the London InterBank Offered Rate (LIBOR) transition, and post LIBOR’s end date of June 30, 2023, the goal for all should be that (1) the effective interest rates be generally economically ...
LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
The Federal Reserve has issued guidance to assist examiners in assessing supervised firms’ progress in preparing for the London Interbank Offered Rate (LIBOR) transition. The interagency statement ...
On Thursday, the risk-free rate working group at the Bank of England published its priorities for the transition away from Libor to Sterling’s risk-free replacement interest rate, Sonia. Making a firm ...
WILMINGTON, Del., June 05, 2023 (GLOBE NEWSWIRE) -- Navient (NAVI), a leader in technology-enabled education finance and business processing solutions, announced that it plans to transition ...
The USD LIBOR Securities listed in Annex 1 to this press release contain fallback provisions that provide for (1) a poll or inquiries for quotes or information related to USD LIBOR or (2) benchmark ...
During the transition of the London InterBank Offered Rate (LIBOR) to the approved substitute benchmark in the United States, the Secured Overnight Financing Rate (SOFR), a basic question was raised ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results