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.
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.
Tuesday Regulatory Update: The Winds of Fraud
Swap fraud; wind turbine con; holding firm on LIBOR switch; and more.
Navigating Reference Rate Reform
With Libor’s days numbered, companies should start transitioning immediately to lessen the impact of adopting new reference rates.