For many investment-grade borrowers, a LIBOR floor could double the funding spread on a loan.
The impact of the inability of a borrower to take advantage of negative base rates is significant.
Complying with the switch to alternative risk-free rates will be a massive undertaking for financial institutions and other companies.
Inadequate preparation for the transition "could have an adverse impact on the safety and soundness of regulated institutions."
With Libor’s days numbered, companies should start transitioning immediately to lessen the impact of adopting new reference rates.
Derivatives and hedge accounting, intercompany loans, valuation models — all will be affected by the shift away from Libor.
The role of credit-rating agencies in determining interest costs on bank loans leaves much to be desired, a study finds.
Tight spreads and growing liquidity risks promise to present financial firms with steep challenges in the coming months.
The new SOFR interbank lending rate is "going to be based on a very, very robust set of transactions" and could eventually replace Labor.
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"?
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.
We live in an age of asset bubbles, but they don't continue indefinitely, as will prove true for the strong U.S. dollar.
