The global transition away from the London Interbank Offered Rate (LIBOR) and other IBORs poses a significant challenge for financial institutions and corporates.
Baker McKenzie can support you in this transition with respect to each relevant product area. We will bring local market expertise and significant experience to bear in helping you reach solutions. Please do get in touch if you'd like to learn more.
In the Know: Welcome to the World of Risk-free Rates
This edition assesses the progress of the LIBOR transition to date and the challenges that remain.
Switzerland: SARON confirmed as an alternative benchmark for LIBOR
Commercial Court of Zurich confirms SARON as an alternative benchmark for LIBOR in a precautionary measures procedure.
Ready or Not, Here it Comes - LIBOR Transition’s Endgame in the Loan Markets
The endgame of the LIBOR transition is imminent, if not already upon us. LIBOR will cease for all currencies other than USD on 31 December 2021.
LIBOR Transition - ARRC Formally Recommends Term SOFR
US Alternative Reference Rates Committee announces it formally recommends the forward Term SOFR published by CME Group for use in connection with business loans.
No More LIBOR: What Next for Trade Finance?
In partnership with BAFT and TXF Intelligence, this reports examines the impending cessation of Libor and its impact on Trade Finance.
Reinvent LIBOR: Delivering a Next Generation Solution
With LIBOR set to be phased out at the end of 2021, corporate service providers must transition to alternative rates.
LIBOR Transition: Are Overnight Rates Overrated?
This client alert examines recent developments in the US and the UK with respect to both term rates based on risk-free-rates and credit-sensitive rates.
Approaching the Endgame: LIBOR Transition in the Swiss Syndicated Loan Market
While EUR LIBOR will cease to be available, there are no current plans to discontinue EURIBOR.
FCA Formally Announces LIBOR Cessation
The UK FCA formally announced the dates of the future cessation or loss of representativeness of all 35 LIBOR settings currently published by IBA.
Prospect of Negative Interest Rates Adds to Issues to be Considered in LIBOR Transition
UK Prudential Regulation Authority publishes Dear CEO letters, commencing engagement with banks over the prospect of zero or negative interest rates.
Longer Runway for USD LIBOR Legacy Transactions
LIBOR’s principal regulators announce plans that would extend the period during which panel USD LIBOR quotations would be made available until the end of June 2023.
How Hard Will It be to Hardwire? The ARRC’s Updated Recommended Fallback Language for Syndicated Loans
ARRC recently published updated fallback provisions for when LIBOR is discontinued.
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