Financial institutions continue to prepare for the anticipated cessation of the publication of the London Interbank Offered Rate (LIBOR) benchmark after the end of 2021 and its replacement with “risk-free” overnight rates, including reformed SONIA (for sterling) and the new SOFR rate (for U.S. dollars). Transitioning affected financial products to the new rates and amending legacy books is a massive project for any sizable institution.
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Global, Banking, Company & Commercial, Corporate Finance/M&A, Derivatives, Insolvency & Restructuring, IT & Data Protection, Public, White Collar Crime, Hogan Lovells, Foreign direct investment, Blockchain, Libor, Crowdfunding, Money laundering, Fintech, Cryptocurrency, GDPR, Financial Conduct Authority (UK), Financial Crimes Enforcement Network (USA), US Department of the Treasury, International Swaps and Derivatives Association
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