If your credit card's variable interest rate was tied to LIBOR, you should have gotten notice from your issuer that your card will transition to a new index. There are rules related to the transition ...

These Legacy LIBOR Instruments provide by their terms that USD LIBOR will be replaced by a rate that matches the Board-selected benchmark replacement if the issuer determines that a benchmark ...

Citi is issuing this press release to provide notice that, after the Cessation Date, the relevant USD LIBOR rate in each Legacy LIBOR Instrument is planned to be replaced with the CME Term SOFR ...

As if lenders didn’t have enough to deal with these days with the deluge of borrower requests for forbearance and payment relief, they continue to face a ticking clock on the transition away from ...

MCLEAN, Va., April 13, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website a list of more than 34,000 Freddie Mac floating-rate securities transitioning from LIBOR to ...

Given the issues posed by the London Interbank Offered Rate (LIBOR) scandal and the resulting reforms to provide risk-free interest rates, the Reserve Bank of India established precise recommendations ...

While recent volatility in the banking sector and rates market has alarmed many market participants, it is not expected to have a significant impact on their readiness for the transition away from ...

According to the swap review by ISDA covering the week ending on Dec 9th, 62% of the swap trading activity in the US referenced SOFR as a benchmark. The dominance of SOFR seems to finally be ...

NEW YORK — On March 5, 2021, the UK Financial Conduct Authority (the “FCA”) announced that all USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023 (the ...

The long but steady transition of the U.S. dollar London interbank offered rate (LIBOR) has been a monumental undertaking. David Bowman, Senior Associate Director at the Board of Governors of the ...