What you need to know in today’s environment. LSTA advocates on behalf of all participants in the syndicated loan market, working directly with regulators and legislators to maintain a fair, orderly, and efficient marketplace that engenders confidence.
The LSTA actively monitors emerging regulatory issues and has successfully advocated the industry’s position on risk retention, the Volcker Rule, Liquidity Risk Management Rules, FATCA, Leveraged Lending Guidance, FDIC assessments, and more. This section of University covers Dodd-Frank risk retention rules, Alternative Reference Rates Committee (ARRC) consultations and what they mean to our constituents, LIBOR and its alternative SOFR, and more.
LSTA makes a statement about LIBOR replacement statement
Lee Shaiman, LSTA Executive Director weighs in on the LIBOR replacement for the industry
LIBOR Replacement: What You Need To Know About The ARRC's Loan Fallback Consultation Webcast Replay
LIBOR Replacement: What You Need to Know About The ARRC’s Loan Fallback Consultation
LIBOR replacement: Understanding the ARRC's Loan Fallback Consultation
Presentation given by Meredith Coffey, EVP Research & Regulation & Tess Virmani, Associate General Counsel & SVP that helps interpret the LIBOR replacement and Understanding the ARRC’s Loan Fallback Consultation.
LIBOR LOAN/ARRC FALLBACK CONSULTATION
On September 24, 2018, the Alternative Reference Rates Committee (ARRC) released a syndicated loans LIBOR fallback consultation to address this very issue. The ARRC is seeking feedback from individual institutions to understand challenges and benefits of each approach from that institution’s perspective. Meredith Coffey, Executive Vice President Associate General Counsel, Research & Regulation weighs in on what it means, and how to prepare.
LIBOR Fallbacks: The Market Responds
LIBOR is somehow simultaneously both a pressing issue and a slow-motion market upheaval. A first step to avoiding the upheaval scenario is the development of fallback language across cash asset classes. (Fallback language answers the critical question “If LIBOR disappeared tomorrow, to what rate would my contract fall back?” Is it Prime? Is it SOFR? Is it the last fixed rate? Is it nothing?!)