IBA confirms cessation of LIBOR tenors

In our January 22, 2021 article, we discussed that on November 30, 2020, ICE Benchmark Administration (IBA) announced that it would “consult” with its regulator (the Financial Conduct Authority (FCA)) on its intention to cease publication of the various existing LIBOR tenors (in U.S. Dollars and other currencies). On March 5, 2021, IBA confirmed, the timetable for the cessation of LIBOR tenors, as summarized below......
By: Thompson Coburn LLP