The multi-year march toward a LIBOR fallback/replacement for derivatives (and possibly loans) has taken another step. On August 27, 2017, the Federal Reserve issued a “Request for Information Relating to Production of Rates”. Behind this unprepossessing title is a call for public feedback on what might become the LIBOR replacement for derivatives. (Any loan fallback would almost definitely require adjustments.) We discuss the background, the Fed’s request and possible LSTA action below.
Become a Member
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.