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Implementing the LIBOR Act

Last week, the LSTA submitted a comment letter responding to the Federal Reserve’s (“Fed”) Notice of Proposed Rulemaking (“NPR”) on the implementation of the LIBOR…

Proposed LIBOR Rule (But Not For Loans)

On July 19, 2022, the Federal Reserve released a proposed rulemaking addressing a proposal that provides default fallbacks for domestic “tough legacy contracts” that do…

The FED Goes Main Street

Last week, the Federal Reserve Board announced the rollout of two corporate loan purchase facilities collectively called the Main Street Lending Program (“MSLP”).

CECL and Desist

The Federal Reserve, in a joint statement made on March 27th with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency,…

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Membership in 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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