The Financial Stability Oversight Council and the Financial Stability Board considered the "post-LIBOR transition landscape" and steps forward to ensure market resilience.
News & Insights
The CFTC approved a "made-available-to-trade" determination for certain overnight index swaps referencing the Secured Overnight Financing Rate and Sterling Overnight Index Average.
In its 2022 Annual Report, the Financial Stability Oversight Council offered recommendations touching on (i) digital assets, (ii) climate-related financial risks, (iii) investment fund disclosure, (iv) Treasury markets, (v) cybersecurity and (vi) LIBOR transitions.
The effective date for a CFTC final rule to remove the mandatory clearing requirements relating to LIBOR will be September 23, 2022, with the exception of amendatory instructions 3 and 5, which will become effective July 1, 2023.
The CFTC adopted a final rule to remove the mandatory clearing requirements relating to LIBOR.