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.
The Key Issues & Topics section covers the major issues in which the LSTA is engaged. The issues include FATCA, Leveraged Lending Guidance, Risk Retention and the Volcker Rule, among others. Information in this section includes news, analysis, presentations and more.
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Loan Market Q&A
What are leveraged loans? See the attached for the answer
Systemic Risk FAQ
Do leveraged loans create systemic risk? Read this FAQ to find out the answer
U.S. LIBOR Transition: Demystifying SOFR
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 […]
Leaving LIBOR: A Business Case Roundtable
This presentation was done at a recent LIBOR Roundtable co-hosted with Cadwalader, we discussed six steps to leaving your LIBOR.
Lee Shaiman Publishes Column in CreditFlux
LSTA’s Executive Director, Lee Shaiman, submitted a column to Creditflux. The column addresses the CLO-CDO comparisons that we have seen in abundance in the financial press in recent months.
LIBOR Fallback For U.S. Syndicated Loans FAQs
The LSTA is a member of the Alternative Reference Rates Committee (“ARRC”), the U.S. body charged with the transition from LIBOR to a successor rate. The LSTA also co-chairs the ARRC’s Business Loans Working Group (“BLWG”), which developed LIBOR Fallback Language for Syndicated Loans, and the BLWG’s Operations Sub-Group. Attached is the FAQ on the […]
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.
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