Tag Archives: Libor

What the LIBOR Phase-out Means for Debt Capital Market Participants

The London Interbank Overnight Rate (“LIBOR”) is an interest rate calculation that is used globally for purposes of debt capital market transactions including bond issuances, loans, and derivatives. In particular, LIBOR underpins many Floating Rate Notes (“FRNs”), which use the … Continue reading

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Interest rate benchmark reform: transition to a world without LIBOR

The FCA has published a speech by its Chief Executive, Andrew Bailey, on transitioning from LIBOR to alternative interest rate benchmarks. Highlights in the speech include: the absence of ways to remedy the current underlying weakness in LIBOR lead to … Continue reading

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LIBOR Over-the-Counter Plaintiffs Win Class Certification of Price-Fixing Claims Against Banks

Today, United States District Judge Naomi Reice Buchwald in Manhattan issued LIBOR VII, in which the court granted class certification under Rule 23(b)(3) to a class of plaintiffs who bought over-the-counter instruments that paid interest in terms of the London Interbank … Continue reading

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How are market participants dealing with the retirement of Libor?

Earlier this year I wrote about the Financial Conduct Authority’s (FCA) announcement in July of its plan to phase-out the London Interbank Offered Rate (Libor), the interest rate benchmark used to set payments on more than $350 trillion in financial … Continue reading

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