SEC warns of ‘exacerbated’ risks from delaying transition from Libor
The Securities and Exchange Commission (SEC) has published a report highlighting the urgency for market participants to speed up the discontinuation and transition away from Libor to alternative reference rates.
In the report, the SEC said it encouraged market participants who have not already done so to begin the process of identifying existing contracts that go beyond 2021, the expected discontinuation date for the use of Libor as a reference rate in the financial markets.“Many legacy contracts ...
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