IBOR Transition Digest – Finance and Banking

0

United States: IBOR transition digest

To print this article, all you need to do is register or log in to Mondaq.com.

Welcome to the latest edition of Mayer Brown’s IBOR Transition Digest – a periodic compendium of global regulatory and market developments and insights into the complex problems financial market participants face when planning the transition from LIBOR and its variants to replacement benchmark rates. As attention for IBOR As transition becomes accelerated and more focused, it is crucial to have access to comprehensive and timely resources through the marketplace.

Additional resources and an introduction to our global cross-practical IBOR Transition Task Force can be found on Mayer Brown’s IBOR Transition Portal.

Thought leadership | News and developments | Events

THOUGHT GUIDANCE

“Racing” to the IBOR Transition Finish Line
Journal of Investment Compliance, Winter 2021, August 17, 2021
Since our article was published in the Structured Finance Bulletin Winter 2020, transition activities have accelerated significantly, in large part due to several key developments in 2021, including the effectiveness of the ISDA-IBOR protocol and the announcements of the 5th publication of all LIBORs -Settings.

NEWS AND DEVELOPMENTS

United States – Syndicated and Bilateral Loans

SOFR Spread Solutions: The Price of Imperfection (LSTA, September 8, 2021)
The historical (and likely future) difference between LIBOR and SOFR is much larger than the current “LIBOR-SOFR spot spread” and consequently the gap between the LIBOR-SOFR spread “should” and where it actually is could pose a mystery when the parties think about spread adjustments on new SOFR loans.

LSTA publishes Term SOFR concept document (LSTA, August 31, 2021)
As the latest addition to its SOFR document library, the LSTA has added a Concept Loan Agreement that illustrates a term credit facility that refers to the SOFR term as the reference rate.

To read the full article, click here

Visit us at mayerbrown.com

Mayer Brown is a global legal services provider that includes law firms that are separate entities (the “Mayer Brown Practices”). The Mayer Brown Practices are: Mayer Brown LLP and Mayer Brown Europe – Brussels LLP, both Limited Liability Partnerships based in Illinois, USA; Mayer Brown International LLP, a Limited Liability Partnership incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales under number OC 303359); Mayer Brown, a SELAS founded in France; Mayer Brown JSM, a Hong Kong partnership and its affiliates in Asia; and Tauil & Checker Advogados, a Brazilian law firm affiliated with Mayer Brown. “Mayer Brown” and the Mayer Brown logo are trademarks of Mayer Brown Practices in their respective jurisdictions.

© Copyright 2020. The Mayer Brown Practices. All rights reserved.

This article by Mayer Brown contains information and commentary on legal issues and developments of interest. The foregoing does not constitute a comprehensive treatment of the subject under discussion and is not intended as legal advice. Readers should seek specific legal advice before taking any action in relation to the matters discussed here.

POPULAR ARTICLES ON: Finance and Banking from the United States

The Money Laundering Act of 2020

Morrison & Foerster LLP

The purpose of this article is to educate stakeholders about the 2020 Anti-Money Laundering Act (AMLA), its impact on the U.S. Anti-Money Laundering Regime (AML), and highlight critical updates for financial institutions.

CFPB issues proposed small business lending rule

Mayer Braun

Today the Bureau finally released its long-awaited proposal for a data collection regime for small business lending. Section 1071 of the Dodd-Frank Act requires the CFPB to collect data …

Are income-sharing agreements loans? The CFPB says yes

Sheppard Mullin Richter & Hampton

Last month we wrote a blog relating to a consent order received from the California Department of Financial Protection and Innovation (DFPI) with an income-sharing contract service provider.

FINRA advises investors on SPAC warrants

Cadwalader, Wickersham & Taft LLP

FINRA has provided guidance to investors considering investing in Purpose Acquisition Companies (“SPACs”), typically the purchase of “Shares” consisting of stocks and warrants.

IBOR transition digest

Mayer Braun

Welcome to the latest edition of Mayer Brown’s IBOR Transition Digest – a periodic compendium of global regulatory and market developments and insights into the complex problems that financial market participants face

Share.

About Author

Comments are closed.