Report presents the FSB’s assessment of current and emerging vulnerabilities in the global financial system and reflections from the March banking turmoil; outlines the FSB’s work to address these vulnerabilities; and reports on the implementation and effects of G20 financial reforms.
LIBOR and other benchmarks
11 October 2023
11 October 2023
2023 annual report to the G20 describes reflections on the March banking turmoil, financial stability outlook, the FSB’s priority areas of work and the implementation and effects of the financial regulatory reforms
28 July 2023
FSB statement following the end of the remaining USD LIBOR panel at the end of June 2023.
FSB urges market participants to act expeditiously to ensure an orderly transition and that their legacy contracts are prepared to transition by end-June 2023.
16 December 2022
Report provides an assessment of progress in transition from LIBOR and other benchmark and urges continued momentum for the last stage of transition.
This progress report on assesses progress in transitioning away from LIBOR and other benchmarks, in particular in advance of the 2023 cessation of remaining panel-based USD LIBOR settings.
11 May 2022
FSB Chair Klaas Knot speaks at the International Swaps and Derivatives Association (ISDA) 36th Annual General Meeting.
This statement takes stock of the transition from LIBOR, following the end-2021 transition milestone, sets out key messages for market participants for 2022-23 and information on the FSB’s future work to support the transition.
5 April 2022
Following years of preparation, the end of 2021 marked a major milestone in the transition away from LIBOR and the FSB welcomes the smooth transition to robust alternative rates across global markets, primarily overnight risk-free or nearly risk-free rates.
22 November 2021
This statement on LIBOR transition outlines steps to be taken in advance of LIBOR cessation at the end of 2021, both for new contracts and for legacy contracts.