This paper, although a departure from the Committee’s usual approach, is intended to survey the uncertainties in the context of LIBOR transition and the steps being taken by authorities around the world so as to draw attention to any residual issues.
The European Commission has published a proposal to amend the BMR (the “Legislative Proposal”) so as to ensure that regulators have the tools to guide the transition avoiding contract frustration and financial instability. The FMLC would like to draw attention to certain issues of uncertainty.
This meeting of the Infrastructure Scoping Forum was chaired and hosted by Barney Reynolds of Shearman & Sterling LLP. Forum members discussed the Investment Firms Review and the impact on […]
FMLC report entitled Observations on proposals for benchmark reform, published 1 December 2012. Available as: PDF