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LIBOR Newsflash: Announcement On Official Cessation Of LIBOR Is Expected Soon - Finance and Banking

With only ten months left until the phase-out of the London Interbank Offered Rate ( LIBOR ), transition efforts should be well underway. In this bulletin, we discuss the ICE Benchmark Administration (the IBA ) and/or the Financial Conduct Authority s (the FCA ) expected announcement about the official cessation of LIBOR, and highlight the modified timelines for transitioning from LIBOR to an alternate risk-free rate ( RFR ) recommended by the relevant working groups. 1.  Expected Announcement on LIBOR Cessation On January 25, 2021, the administrator of LIBOR, the IBA, concluded its consultation on the potential cessation of LIBOR settings (the IBA Consultation ). 1 The IBA intends to cease

Indian NBFCs need to plan for an effective transition of interbank offered rate -IBOR: EY

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