This week we cover Webinar December, LIBOR Consultation Ends, GAAP Accounting Changes and Trading Review
On September 24th ARRC released a market consultation on LIBOR fallback contract language for new originations of LIBOR syndicated business loans. On Monday, the comment period closed and the next phase of work – crafting ARRC’s final recommendation based on the feedback received – is soon to begin. The LSTA intends to publish a preliminary analysis of the comments received once they are publicly available.
The Alternative Reference Rates Committee (ARRC) announced that it is extending the comment period for public feedback on its LIBOR fallback contract language consultations for floating rate notes and syndicated business loans until November 26, 2018 to provide sufficient time to allow for more thorough feedback. The LSTA, co-chair of the ARRC business loans as CLOs working group, has been deeply involved in the market consultation and has posted several materials to help market participants develop their responses to the consultation. Materials can be found here and the LSTA webcast on the syndicated loans consultation is available here.
This week we cover Delayed Comp Coming; 3Q18 Trading Stats; (LIBOR) Consultational Amendments; KYC; and Shift Date Podcast
In September the Alternative Reference Rates Committee (the ARRC) released a consultation on LIBOR fallback language for syndicated loans. On October 4th, the LSTA hosted a webcast that detailed the consultation. We also are releasing a series of briefs that explain the fallback proposals and consultation questions to help market participants develop their responses (which are due by November 8th).
This week we cover Equity, HY Volatility vs. Loan Stability; Volcker Returns; LIBOR I (Fed Speaks) & II (LSTA Explains)
On September 24th, the Alternative Reference Rates Committee (the ARRC) released a consultation on LIBOR fallback language for syndicated loans. On October 4th, the LSTA hosted a webcast that detailed the consultation. We also are releasing a series of briefs that explain the fallback consultation to help market participants respond to it. (The LSTA was one of the drafters, so we are very familiar with it.)
This week we cover Is All Fair in Love and Bankruptcy? Defaults and Docs; LIBOR (Trigger Warning!); Delaware LLCs
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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.