Financial Risk

Protocol expected to be released soon would provide fallback language for transition to new benchmarks, even if plans are currently unclear.

Fed signals it will hold interest rates steady through at least 2023.

Fed governor says the U.S. economy faces "considerable uncertainty" and calls for continued support from both the central bank and fiscal policymakers.

The government's 'ground-breaking' debt issuance this week is linked to SORA, not LIBOR.

Global consensus that LIBOR needs to be replaced has not led to agreement about what benchmark(s) should underlie transactions once LIBOR retires.

In Q1/2020, FX volatility reduced earnings of nearly one-quarter of multinationals based in North America or Europe, suppressing earnings in aggregate by more than $12 billion.

The nonprofit entered the transactions in 2006 and 2008 to provide fixed-rate predictability for a variable-rate bond issue.

Tradeweb and ICE offer the latest suggestions for a LIBOR substitute.