LIBOR

LIBOR No More: Transition Creates Challenges
Risk & Compliance

LIBOR No More: Transition Creates Challenges

In a perfect world, the respective parties to loan documents could simply agree that an alternate rate is needed. But the world is not perfect.
By Vincent Ryan | October 22, 2020
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Banks Prepare for ‘Big Bang’ Switch From LIBOR
Credit & Capital

Banks Prepare for ‘Big Bang’ Switch From LIBOR

The SOFR referencing rate is estimated to cover interest rate swaps on more than $80 trillion worth of notional debt.
By Lauren Muskett | October 16, 2020
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Tuesday Regulatory Update: The Winds of Fraud
Risk & Compliance

Tuesday Regulatory Update: The Winds of Fraud

Swap fraud; wind turbine con; holding firm on LIBOR switch; and more.
By Vincent Ryan | July 14, 2020
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The LIBOR Floor Is Rising
Investment Banking

The LIBOR Floor Is Rising

For many investment-grade borrowers, a LIBOR floor could double the funding spread on a loan.
By Vincent Ryan | May 21, 2020
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Avoiding the Floor on Negative Rates
Risk

Avoiding the Floor on Negative Rates

The impact of the inability of a borrower to take advantage of negative base rates is significant.
By Vincent Ryan | March 25, 2020
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Plan Now for an Orderly Transition from Libor
Corporate Finance

Plan Now for an Orderly Transition from Libor

Complying with the switch to alternative risk-free rates will be a massive undertaking for financial institutions and other companies.
By David McCann | March 10, 2020
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NY Regulator Seeks Banks’ Libor Transition Plans
Risk & Compliance

NY Regulator Seeks Banks’ Libor Transition Plans

Inadequate preparation for the transition "could have an adverse impact on the safety and soundness of regulated institutions."
By Matthew Heller | January 6, 2020
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Navigating Reference Rate Reform
Credit & Capital

Navigating Reference Rate Reform

With Libor’s days numbered, companies should start transitioning immediately to lessen the impact of adopting new reference rates.
By Lauren Muskett | September 12, 2019
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Libor’s Phase-Out: 3 Ways to Prepare
Credit & Capital

Libor’s Phase-Out: 3 Ways to Prepare

Derivatives and hedge accounting, intercompany loans, valuation models — all will be affected by the shift away from Libor.
By Vincent Ryan | August 12, 2019
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Manipulate Cash Flow to Boost Credit Ratings?
Credit

Manipulate Cash Flow to Boost Credit Ratings?

The role of credit-rating agencies in determining interest costs on bank loans leaves much to be desired, a study finds.
By David McCann | November 29, 2018
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New York Fed Launches Alternative to Libor
Credit

New York Fed Launches Alternative to Libor

The new SOFR interbank lending rate is "going to be based on a very, very robust set of transactions" and could eventually replace Labor.
By Matthew Heller | April 3, 2018
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Libor Rise Tightens Conditions for Borrowers
Credit

Libor Rise Tightens Conditions for Borrowers

Is the rise in the benchmark “technical in nature, in which case short-term rates will eventually normalize, or a harbinger of another banking catastrophe"?
By Matthew Heller | March 28, 2018
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How to Boost the Value of Deferred-Comp Plans
Risk Management

How to Boost the Value of Deferred-Comp Plans

A "total return swap" isn't a common way to hedge the volatility of non-qualified deferred compensation (NQDC) plans, but it's the most effective method.
By Benjamin Eisler | August 22, 2017
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The End of the Dollar’s Super-Cycle
Strategy

The End of the Dollar’s Super-Cycle

We live in an age of asset bubbles, but they don't continue indefinitely, as will prove true for the strong U.S. dollar.
By Christopher Whalen | May 4, 2017
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Key Libor Rate Tops 1% for First Time in 7 Years
The Economy

Key Libor Rate Tops 1% for First Time in 7 Years

The benchmark rate for $350 trillion worth of financial products worldwide has risen nearly 0.40 percentage point over the past year.
By Matthew Heller | January 4, 2017
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