All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
Syndicated LoansInvestment Grade Loans

US and European loan markets split over 'hardwire' Libor transition

Libor adobe stock 230x150 AS

The US Alternative Reference Rates Committee (ARRC) has updated its reference rate guidance for the move away from dollar Libor that removes the need to get a lending syndicate’s consent. But trade bodies on both sides of the Atlantic do not agree on the details, writes Mike Turner, and some lawyers claim that major issues still need to be addressed before the ARRC-recommended method can work.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree