Welcome to the latest issue of Mayer Brown's IBOR Transition Digest—a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants as they plan to transition from LIBOR and its variants to replacement benchmark interest rates. As attention to IBORtransition accelerates and becomes more focused, it is critical to have access to comprehensive and timely resources about the market.
For additional resources and an introduction to our global cross-practice IBOR Transition Task Force, please visit Mayer Brown's IBOR Transition portal.
Thought Leadership | News and Developments | Events
THOUGHT LEADERSHIP
SEC Office of Municipal Securities Issue
Staff Statement on LIBOR Transition
Eye on IBOR Transition Blog, 23 February 2021
On January 8, 2021, the staff of the US Securities and
Exchange Commission's Office of Municipal Securities issued a
statement focusing on the impact of the discontinuation of LIBOR on
the municipal securities markets, highlighting the potential
"material risks" that could affect issuers of municipal
securities and other market participants.
What Do I Need to Do and By When? A Global
LIBOR Transition Timeline
Eye on IBOR Transition Blog, 22 February 2021
To assist market participants in analysing the competing
recommended best practice milestones for preparing for the
transition from LIBOR to alternative reference rates, we have
prepared a matrix setting forth the recommendations for the major
LIBOR currencies as proposed by the several global working groups
and the Financial Stability Board.
The end is nigh: UK Finance publishes new
guide on LIBOR discontinuation
Eye on IBOR Transition Blog, 18 February 2021
Discussing UK Finance's and PwC's
publication, Discontinuation of LIBOR – Guide for Banks
and Lenders, a resource specifically focused on the transition
issues faced by banks and other lenders.
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