ARTICLE
17 February 2023

IBOR Transition Digest - February 7, 2023

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The IBOR Transition Digest is a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants...
United States Finance and Banking

The IBOR Transition Digest is a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants as they continue to transition from LIBOR and its variants to replacement benchmark interest rates. As the market moves to the next phase of IBOR transition, 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

Fed Adopts Final Rule Implementing the Adjustable Interest Rate (LIBOR) ActLegal Update, 20 December 2022
The rule responds to several rulemaking requirements of the LIBOR Act, and resolves some of the remaining questions about how outstanding USD LIBOR contracts will transition to a replacement rate after USD LIBOR ceases publication in June 2023.

View all of our IBOR transition thought leadership under the Perspectives tab of our IBOR Transition portal page and on our Eye on IBOR Transition blog.

NEWS AND DEVELOPMENTS

United States – Syndicated and Bilateral Loans

LIBOR's Ending! Act Now!
Loan Syndications & Trading Association, 18 January 2023
Discussing issues that should be at the top of market participants' minds: transition status, synthetic USD LIBOR, conforming changes, and the treatment of legacy contracts.

Implementing the LIBOR Act: The Federal Reserve's Final Rule
Loan Syndications & Trading Association, 13 January 2023
Webcast explaining the Fed's regulation implementing the LIBOR Act.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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