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2023

IBOR Transition Hub

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.

Boats Against the Current? Credit-sensitive Rates After LIBOR
IOSCO expresses administrators of Bloomberg Short-term Bank Yield Index and Ameribor should refrain from representing that such rates comply with Principles for Financial Benchmarks.
Insight | Legal Alert
In the Know: LIBOR is dead: Long live Synthetic LIBOR!
As of 1 July 2023, LIBORs, as a measure of the interest rates on which key banks are willing to lend money in the short-term interbank market, will no longer be published.
Insight | Legal Update
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.
InsightPlus
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.
InsightPlus
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.
InsightPlus
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.
LIBOR Transition - Upcoming Deadlines
A timeline of upcoming deadlines for LIBOR transition.
InsightPlus
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.
Insight | Legal Alert
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.
InsightPlus
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.
InsightPlus
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.
InsightPlus
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.
InsightPlus
Europe: LIBOR - Redefining the Transition Timeline
Progress on the reform of LIBOR has not stopped during the COVID-19 pandemic.

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