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Home > ABA Banking Journal Podcast > One Year Left in the Libor Endgame
Podcast: ABA Banking Journal Podcast
Episode:

One Year Left in the Libor Endgame
Category: Business
Duration: 00:19:03
Publish Date: 2020-12-09 19:43:07
Description:

The administrator of the London Interbank Offered Rate has made what was expected official: the widely used benchmark will cease publication, with certain Libor tenors ceasing as soon as the end of 2021. With the “Libor endgame” in its final stages, along with a welter of other Libor transition news in recent weeks, ABA VP and ARRC member Hu Benton joins the ABA Banking Journal Podcast to discuss:

  • ICE Libor’s public consultation to cease publication of Libor tenors
  • Supervisory expectations for how banks use Libor in the interim period before the rate ceases
  • What regulators have said about banks’ use of alternative rates to the Secured Overnight Financing Rate, such as Ameribor or commercial paper
  • The adoption of the ISDA protocol on fallback rates for derivatives
  • The importance of educating clients about the Libor transition and what it means for them
  • Resources from the Alternative Reference Rates Committee on SOFR adoption, contract fallbacks and other challenges
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