LIBOR_Motion for Leave (Dec 10 2020)

The LSTA last week joined a number of other trade associations in submitting this amicus brief in a case of great importance to the syndicated loan market and many other financial markets.  The amicus brief details the wide use and importance of LIBOR as a reference rate and argues that precipitously halting its publication without firmly established protocols, rules, or legislation to facilitate an orderly transition to a different reference rate would inject uncertainty into financial markets.


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