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


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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