What's the Issue? Britain is ending support of the London Interbank Offered Rate (LIBOR) on or about 2021. US regulators currently plan to replace LIBOR with the Secured Overnight Financing Rate (SOFR) curve. The pending “Illiquid LIBOR Market”...
November
06,
2019
Posted by
Ruth Hardie
LIBOR has been referred to as the plumbing buried in many financial contracts, and the end of LIBOR will cause a seismic shift in the financial markets. I had the privilege of speaking about LIBOR in a podcast and a live-stream session at the...
October
04,
2019
Posted by
Farah Lotia
You Can Rely on Us If you use Hedge Trackers’ Outsourcing and/or Software suite (Capella) services, you might be wondering what’s going to happen when interest rate reform occurs and SOFR replaces LIBOR in early 2021. Although that seems a bit...
September
06,
2019
Posted by
Ruth Hardie & Farah Lotia
As a follow up to FASB’s June initiative to provide accounting relief to organizations that will need to modify their contracts as LIBOR is replaced by SOFR, FASB released a proposed Accounting Standards Update on Thursday.
August
05,
2019
Posted by
Ruth Hardie
As the London Inter-bank Offered Rate (LIBOR) begins to phase out, many corporate treasurers have been flooded by a wave of uncertainty. Our advice has been to proactively start planning alternatives by looking out for the guidance and term...
July
01,
2019
Posted by
Ruth Hardie
At this point, LIBOR’s phasing out by Britain’s Financial Conduct Authority (FCA) may be old news. Although the topic has been a constant presence in headlines, there’s still lingering questions about what this means and what organizations...
May
16,
2019
Posted by
Ruth Hardie
The uncertainty of Brexit accompanied by the phasing out of LIBOR has turned the financial services industry in Europe on its head. As organizations take precautions amidst the uncertainty, it has become evident that the number one financial hub...
May
02,
2019
Posted by
Ruth Hardie & Farah Lotia
Bloomberg Tax - “LIBOR'S Looming End Leaves Hedgers, Lenders in a Bind"Nicola M. White, Reporter "This is really so pervasive, it’s going to affect literally every company out there,' said Ernie de Lachica, senior director at BDO USA LLP. Any...
April
02,
2019
Posted by
Farah Lotia
Visual Capitalist “The Top Global Risks in 2019” "91% of respondents to the Global Risks Perception Survey indicated that economic confrontation/frictions between major powers were an expected risk increase in 2019."
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