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."
News & Insights
251 News Results
At a hearing before the Senate Committee on Banking, Housing, and Urban Affairs, witnesses addressed the use of mandatory arbitration clauses in financial service products.
ISDA CEO Scott O'Malia described ISDA's ongoing effort to develop common contractual standards to support the digital asset derivatives market.
In its 2021 Annual Report, the Financial Stability Oversight Council assessed the state of the financial system and provided recommendations concerning climate-related financial risk, digital asset risk, the orderly transition away from LIBOR, and cybersecurity.
In a year-end progress report, the Alternative Reference Rates Committee highlighted positive momentum in the transition away from USD LIBOR.