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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…

ARRC Weighs in on the IBA and FCA Statements

The ARRC confirms that in its opinion the March 5, 2021 announcements by ICE Benchmarks Administration and the U.K. Financial Conduct Authority on future cessation…

An Analysis of the FCA Announcement

Today financial market participants received full clarity into the LIBOR endgame. The FCA has announced that all LIBOR settings will either cease to be provided…

LIBOR Banks are Here to Stay…For Now

As reported by Bloomberg, the Financial Conduct Authority (FCA) took a step that should help alleviate concerns about the medium term viability of the London…

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