Regulatory Alerts2021-11-23 | 2021-25450Added · Updated
Swap Clearing Requirement To Account for the Transition From LIBOR and Other IBORs to Alternative Reference Rates
The Commodity Futures Trading Commission issued a request for information and public comment on amending its swap clearing requirements to address the cessation of interbank offered rates like LIBOR. The agency seeks input from market participants on how the transition to alternative reference rates, such as overnight nearly risk-free rates, affects swaps currently subject to clearing mandates. This action aims to ensure the regulatory framework remains effective as the financial markets shift away from legacy benchmark rates.
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