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LIBOR Transition: How Will the Pieces Come Together in Time?

Mayer Brown
29/11/2021

On December 9, 2021, Finance partner Paul Forrester (Chicago) will speak on, and FSRE associate Matt Bisanz will moderate, an ABA webinar on the transition from LIBOR to alternative benchmark interest reference rates. All USD LIBOR rates will cease to be published no later than June 2023 and US banking regulators have repeatedly said “no new Libor exposures after the December 31, 2021 deadline,” subject to limited exceptions. While substantial progress has been made for new consumer products, wholesale products are a work in progress and there remain a vast universe of legacy products that must be addressed through contractual, legislative, or supervisory measures.

 

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