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          • June 16, 2022

            Chicago Mercantile Exchange Proposes Conversion Plan for USD LIBOR Swaps

            The Chicago Mercantile Exchange proposed a plan for transitioning swaps referencing USD LIBOR.
          • June 10, 2022

            ARRC Offers Additional Guidance on Fallbacks for USD LIBOR ICE Swap Rates

            The Alternative Reference Rates Committee issued guidance on the transition away from using USD LIBOR ICE swap rates to alternative reference rates.
            Nick.Allen@friedfrank.com's picture
            Commentary by Nick Allen
          • May 31, 2022

            Comment Deadline Set for CFTC Proposal on LIBOR-related Clearing

            Comments are due by June 30, 2022 for a CFTC proposal to amend the clearing requirement by removing LIBOR and other interbank offered rates and include risk-free rates such as SOFR.
          • May 10, 2022

            Senate Banking Committee Hears Testimony on Threats to Financial Stability

            At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.
            Steven.Lofchie@friedfrank.com's picture
            Commentary by Steven Lofchie
          • May 10, 2022

            CFTC Proposes LIBOR-Related Mandatory Clearing Changes

            The CFTC proposed to amend the mandatory clearing requirement to remove LIBOR and other interbank offered rates and include risk-free rates such as SOFR.
            nihal.patel@friedfrank.com's picture
            Commentary by Nihal Patel
          • March 22, 2022

            CRS Recaps Key Issues on LIBOR Transition

            The Congressional Research Service recapped key issues in policymakers' "efforts to transition away from the use of LIBOR in financial products in order to avoid disruption."
          • March 16, 2022

            Adjustable Interest Rate (LIBOR) Act Becomes Law

            President Joseph R. Biden into law the Consolidated Appropriations Act, which includes the Adjustable Interest Rate (LIBOR) Act.
          • March 11, 2022

            Congress Passes Consolidated Appropriations Act of 2022 containing LIBOR Provisions

            Congress passed the Consolidated Appropriations Act, which includes the Adjustable Interest Rate (LIBOR) Act.
          • February 18, 2022

            CME to Publish NY Reference Rates for Bitcoin and Ether

            The Chicago Mercantile Exchange will publish two new benchmark reference rates: CME CF Bitcoin Reference Rate New York and CME CF Ether-Dollar Reference Rate New York.
          • January 18, 2022

            NCUA Highlights Supervisory Priorities for 2022 Exams

            The National Credit Union Administration highlighted supervisory priorities for the 2022 examination program.
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