Welcome to the latest issue of Mayer Brown's IBOR Transition Digest-a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants as they plan to transition from LIBOR and its variants to replacement benchmark interest rates. As attention to IBORtransition accelerates and becomes more focused, it is critical to have access to comprehensive and timely resources about the market.
For additional resources and an introduction to our global cross-practice IBOR Transition Task Force, please visit Mayer Brown's IBOR Transition portal.
Thought Leadership | News and Developments | Events
United States - Syndicated and Bilateral Loans
SOFR & Sensitivity
Loan Syndications & Trading Association, 10 November
2021
Discussing the latest SOFR sightings, possible coalescence around
conventions, and developments with respect to credit sensitive
rates.
United States - General
Announcement Post-Consultation on
Methodology Enhancement
Bloomberg Index Services Limited, 8 November 2021
The methodology changes proposed in the 7 October 2021 Consultation regarding
transaction-related input data and the BSBY waterfall were
supported generally. SOFR was recommended over OBFR as the final
stage of the waterfall and input received concerning implementation
mechanics will be included when the new methodology is launched on
15 November.
Statement of Chairman Sherrod Brown at the
U.S. Senate Committee on Banking, Housing, and Urban Affairs
hearing on "The LIBOR Transition: Protecting Consumers and
Investors"
U.S. Senate, 2 November 2021
Introducing the "witnesses" that will discuss a
"narrow and consistent solution that protects small
businesses, families with mortgages, and Americans paying off
student loans" pursuant to a bipartisan bill to address legacy
LIBOR-linked financial contracts.
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