Search
 
News

LIBOR Still Needs a Legislative Fix

The delay in LIBOR retirement just puts off the inevitable; lawmakers need to clarify what benchmarks will replace LIBOR in financial contracts whenever it finally ceases to be used.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Delaying the end of dollar LIBOR until mid-2023 may provide breathing room, but it doesn’t remove the need for a legislative solution for contracts that will still be linked to the benchmark when it eventually expires.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Dig Deeper

Recommended Stories

Lawsuit Seeks to Abolish LIBOR

William Shaw & Joel Rosenblatt |

Bank defendants argue that sudden elimination of the benchmark would be ‘a catastrophe.’

Cuomo Proposes LIBOR Transition Plan

Keshia Clukey & William Shaw |

New York governor’s state budget, published this week, includes provisions to help troublesome LIBOR-linked contracts switch to replacement rates.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.