Transition of Benchmark Rates
Benchmark Interest Rate Reform - LIBOR Discontinuation ...
The London Interbank Offered Rate (LIBOR), the most widely used interest rate benchmark in the world, ceased to exist in its current form as of June 30, 2023.
Transition from LIBOR - - Alternative Reference Rates Committee
Today, SOFR is the dominant U.S. dollar interest rate benchmark. Given that the end of LIBOR has now been successfully resolved, some may come to underestimate ...
Libor Transition - Benchmark interest rate reform - Barclays
Effective from 1 October 2024, the 1-, 3- and 6-month US Dollar LIBOR settings will permanently cease to be published and will no longer be available to be ...
LIBOR and Other Benchmarks - Financial Stability Board
Ensuring the integrity and reliability of major financial market benchmarks, particularly interest rate and foreign exchange (FX) benchmarks, is important for ...
London Interbank Offered Rate (LIBOR) Transition - FDIC
The transition away from LIBOR as a reference rate benchmark poses financial, legal, operational, and consumer protection risks for institutions with exposure.
LIBOR to SOFR Transition: What You Need to Know - J.P. Morgan
1, 2022, the four non-U.S. dollar LIBOR benchmark rates—the British pound (GBP), Japanese yen (JPY), Swiss franc (CHF) and euro (EUR)—along with the one-week ...
The financial industry and global regulators have transitioned from the London Interbank Offered Rate (LIBOR) to more robust alternative reference rates.
LIBOR rates represented the average rate at which a panel of banks could obtain wholesale unsecured funding, but due to concerns regarding its integrity, ...
LIBOR Transition - World Bank Treasury
The London Interbank Offered Rate (LIBOR) is the most commonly used benchmark reference rate in the global financial markets, underpinning approximately ...
Benchmark Reform and Transition to Risk-free Rates
ICMA's focus has centred on the development of Risk-Free Reference Rates (RFRs)1, and the transition of legacy LIBOR bonds to RFRs, either by way of a market- ...
LCH and Benchmark Reform - SwapClear - LSEG
Industry-wide efforts to transition to new interest rate benchmarks are now well underway, driven by the need to use rates that are truly representative of ...
Regulations Implementing the Adjustable Interest Rate (LIBOR) Act
The Board is adopting a final rule (final rule) to implement the Adjustable Interest Rate (LIBOR) Act. The final rule establishes benchmark ...
Transition from LIBOR - Wells Fargo
The global financial industry has transitioned away from a key benchmark interest rate — the London Interbank Offered Rate, or LIBOR — to new alternative ...
LIBOR Transition | FEDERAL HOUSING FINANCE AGENCY
FHFA worked with Fannie Mae and Freddie Mac to develop the parameters of a SOFR-based adjustable-rate mortgage (ARM) and to develop more robust “fallback ...
Evaluating LIBOR Transition Plans - NCUA
LIBOR is a widely used short-term interest rate benchmark referenced in derivative, bond, and loan contracts, including a range of consumer lending ...
LIBOR Transition FAQs - Consumer Financial Protection Bureau
In the U.S., the Federal Reserve Board (the Board) has convened a group called the Alternative Reference Rates Committee (ARRC) to help facilitate the likely ...
Navigating the LIBOR Transition - MUFG Americas
Transition to alternative benchmark interest rates has been well underway, but much work still is needed in order to implement a successful reference rate ...
Benchmark Reform and Transition from LIBOR InfoHub
Key interbank offered rates (IBORs), types of interest rate benchmarks, are undergoing a period of change as regulators and industry groups have ...
Progress Report on LIBOR and Other Benchmarks Transition Issues
The transition from LIBOR to overnight risk-free rates (RFRs) and efforts made to improve the robustness of interest rate benchmarks have increased market ...
The end of LIBOR - Texas Bankers Association
It is estimated that LIBOR is currently used worldwide in nearly $200 trillion of financial transactions. The transition to a new interest rate benchmark is an ...