United States Court of Appeals FOR THE DISTRICT OF COLUMBIA CIRCUIT Argued October 10, 2017 Decided February 9, 2018 No. 17-5004 THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, APPELLANT v. SECURITIES AND EXCHANGE COMMISSION AND BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, APPELLEES Appeal from the United States District Court for the District of Columbia...
LIBOR Banks Are Here to Stay… For Now November 28, 2017 - 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 interbank rate (LIBOR). The U.K. financial services regulator last Friday confirmed that all 20 banks that participate in...
On LIBOR: LSTA Comment Letter October 31, 2017 (article updated on November 2, 2017) - On October 30, 2017, the LSTA, along with a number of other trade associations, submitted a comment letter in response to the Federal Reserve’s “Request for Information Relating to the Production of Rates”. Behind that unprepossessing title is one of...
LIBOR: Why You Should Care…And Shouldn’t Panic August 17, 2017 - Since the LIBOR speech by Andrew Bailey, Chief Executive of the FCA on July 27th, markets have been buzzing about whether LIBOR is ending, when it might end, and what loans and CLOs would do. On August 17th, the LSTA hosted a webcast walking...
LIBOR (Transition) in the Loan Market August 3, 2017 - As conversations around LIBOR alternatives continue, the FT reported on Wednesday that “the death of Libor may be exaggerated, particularly in US markets” despite the market buzz following last week’s speech by the Chief Executive of the U.K.’s Financial Conduct Authority (FCA). The FCA has...
ORAL ARGUMENT NOT YET SCHEDULED No. 17-5004 IN THE UNITED STATES COURT OF APPEALS FOR THE DISTRICT OF COLUMBIA CIRCUIT THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, Appellant, v. UNITED STATES SECURITIES AND EXCHANGE COMMISSION; BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Appellees. On Appeal from the United States District Court for the District of...
