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FSB survey: Libor transition requires legislative action

Friday, July 10, 2020   (0 Comments)
Posted by: Amanda Averch
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The Libor transition will require legislative intervention since some "tough legacy" contracts, such as floating-rate notes and securitizations, do not allow for a simple changing of terms, according to a Financial Stability Board survey of 57 jurisdictions. The respondents also noted agreeing to contract amendments posed a challenge.

Full Story: Reuters (7/9),  Risk (subscription required) (7/9),  Global Investor (subscription required) (7/9)  

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