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.
LIBOR and other benchmarks
22 November 2021
22 November 2021
With only a few weeks remaining to the end of 2021, it is now critical that market participants act urgently to complete any remaining steps set out in the FSB’s Global Transition Roadmap.
27 October 2021
Report presents the FSB’s high-level assessment of current vulnerabilities in the global financial system; describes its ongoing financial stability work; and reports on the implementation and effects of G20 reforms.
27 October 2021
The Annual Report has been redesigned to be more forward-looking and encompassing so that it describes the FSB’s work to promote global financial stability.
FSB Chair Randal K. Quarles’ letter to the G20 Finance Ministers and Central Bank Governors ahead of their July meeting.
7 July 2021
Chair’s letter also highlights policy proposals to enhance the resilience of money market funds and the importance of completing LIBOR transition.
This report looks at recent progress made on LIBOR transition and stresses the need for urgent action by the end of 2021
With limited time left until end-2021, all firms across the globe must act urgently to complete the steps set out in the Global Transition Roadmap.
2 June 2021
Update to the Global Transition Roadmap in light of announcements made confirming LIBOR cessation dates and associated proposals by authorities and national working groups.
Report considers the use of forward-looking risk-free rate term rates as alternatives to overnight risk-free rates.