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Our Financial Services & Products Group discusses the status of the financial industry’s transition away from LIBOR, including the final rule identifying replacement benchmarks that was.
Board of Governors of the Federal Reserve System adopted final rule to implement Adjustable Interest Rate LIBOR Act. Final Rule sets forth Board final decision on number of substantive and technical issues related to planned cessation of USD LIBOR on a representative basis.
On December 16, 2022, the Board of Governors of the Federal Reserve System (the “Board”) adopted a final rule (the “Final Rule”) to implement the Adjustable Interest Rate (LIBOR) Act.
On December 16, 2022, the Board of Governors of the Federal Reserve System (the "Board") adopted a final rule (the "Final Rule") to implement the Adjustable Interest Rate.