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 ...
The London interbank offered rate is coming to an end. New U.S. dollar Libor issuance will come to a halt at the end of this year, and critically for legacy contracts, USD Libor rates will cease to be ...
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 ...
No one ever said replacing LIBOR, the predominant derivatives and fixed-income valuation benchmark supporting hundreds of trillions of dollars in contracts, would be easy. With millions of investments ...
The phase-out of the London Interbank Offered Rate (LIBOR) is coming and is set to cause major disruption for insurers. LIBOR is the primary benchmark for short-term and variable interest rates used ...
Commercial real estate borrowers and lenders are preparing for a looming LIBOR transition deadline—a process complicated by the fact that there’s no clear U.S. replacement for the widely-used ...
(Bloomberg) -- A slew of newer and lesser known reference rates are staking their claim to a share of the post-Libor landscape as the outlook for the space grows increasingly fractured. Once largely ...
Companies that have yet to switch over from the London interbank offered rate before a June phaseout deadline may have ways to hang on to the borrowing benchmark—at least temporarily. Libor, which ...