Ten Quick Facts About LIBOR: The Problem and the Potential Solution
Syndicated Loan Market Advocacy & RegulatoryThe LSTA advocates on behalf of the loan market, and focuses on critical matters (regulations under Dodd-Frank, Leveraged Lending Guidance, FATCA and Bankruptcy reform) that could dramatically affect the loan market and the broader economy.
Top 10 reasons leveraged loans do not pose systemic risk to the U.S. Financial System
LIBOR, “the world’s most important number”, is likely to cease after 2021. This presents significant—but hopefully surmountable—challenges. We discuss the LIBOR problem, timeline and potential shorter- and longer-term solutions. We discuss the LIBOR problem, timeline and potential shorter- and longer-term solutions.
What are leveraged loans? See the attached for the answer
Do leveraged loans create systemic risk? Read this FAQ to find out the answer
Most U.S. lenders and borrowers realize that LIBOR is likely to end sometime after 2021. However, they are less familiar with SOFR, the Secured Overnight Financing Rate, which will be the fallback for U.S. dollar derivatives and likely will be the fallback for cash products. Thus, lenders are keenly interested in seeing what SOFR actually looks like. To tackle that […]
This presentation was done at a recent LIBOR Roundtable co-hosted with Cadwalader, we discussed six steps to leaving your LIBOR.
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