Topic: Libor

The FCA has suggested postponing the cessations of the Libor three-month sterling and the one, three, six-month US dollar interbank rate benchmarks until 2024.

30 November 2022

The US senate is set to pass legislation directing the Federal Reserve to implement replacement rates for outstanding financial contracts tied to the Libor benchmark.

09 March 2022

A US appeals court has acquitted two former Deutsche Bank traders previously convicted over manipulating Libor.

31 January 2022

With the end of most Libor tenors now only weeks away, the International Swaps and Derivatives Association, US Securities and Exchange Committee, the International Islamic Financial Market and Financial Accounting Standards Board are all announcing new measures to address the transition.

16 December 2021

The UK Financial Conduct Authority has confirmed it will allow the temporary use of ‘synthetic’ sterling and yen Libor rates after the looming December deadline for the benchmark’s cessation – but EU regulators have warned the synthetic is not compatible with their benchmark rules.

24 November 2021

Federal regulators in the United States have laid out the boundaries of what a “new” Libor contract constitutes, ahead of the benchmark’s forthcoming end date this December.

22 October 2021

The UK’s Financial Conduct Authority has set out plans for its “synthetic” version of the Libor benchmark as its end date approaches, and clarified which contracts will be permitted to use it.

04 October 2021

A Bank of New York Mellon managing counsel has joined Fieldfisher's London office, while Ashurst has continued the expansion of its finreg practice with a new partner hire in Sydney.

19 August 2021

The United States’ dedicated benchmark reform committee has officially endorsed Sofr as an alternative to dollar Libor.

02 August 2021

The UK’s Financial Conduct Authority has proposed allowing the use of some yen and sterling-denominated Libor interest rates beyond the 31 December cut-off, but is warning market participants not wait for a “potential synthetic solution”.

28 June 2021