Regulatory Alerts2020-01-21 | 29633Added · Updated
Questionnaire re: LIBOR Benchmark Transition
The document is a questionnaire requesting financial institutions to report on their LIBOR transition strategies and exposures as of December 2019. It requires entities to disclose gross exposure values for derivatives, assets, and liabilities across USD, GBP, JPY, CHF, and EUR, distinguishing between contracts with and without fallback provisions. Institutions must also provide details on governance frameworks, migration progress, internal targets, and identified obstacles to transitioning to alternative reference rates by the end of 2021.
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