What Happened To My Interest Rate? Planning Now To Avoid Value Transfer And Other Risks Upon The Demise Of U.S. Libor
By EsqSocial Corporation 23/10/20
As the title suggests, U.S. LIBOR (LIBOR) is going away, with official announcements expected as soon as year-end 2020 of LIBOR’s December 31, 2021 demise. The end of LIBOR will be replete with a plethora of risks for banks, sponsors, strategics, governments and regulators and consumers. The overriding risk with disappearance of LIBOR is value transfer, whether intentional or inadvertent, from one entity to another, such as a borrower to a lender or a swap counterparty to another swap...
By: King & Spalding