Monday, November 30th saw a flurry of announcements from the Ice Benchmark Association (IBA), the UK Financial Conduct Authority (FCA), the Federal Reserve, the OCC, the FDIC and the ARRC about USD LIBOR cessation. The bottom line: Most USD LIBOR tenors may continue to exist (for legacy products) until June 30, 2023. However, new LIBOR...
Monday, November 30th saw a flurry of announcements from the Ice Benchmark Association (IBA), the UK Financial Conduct Authority (FCA), the Federal Reserve, the OCC, the FDIC and the ARRC about USD LIBOR cessation. The bottom line: Most USD LIBOR tenors may continue to exist (for legacy products) until June 30, 2023. However, new LIBOR...