Archives - LIBOR and other benchmarks

• 7 July 2021 FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: July 2021

  FSB Chair Randal K. Quarles’ letter to the G20 Finance Ministers and Central Bank Governors ahead of their July meeting.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB Policy Area(s): Climate Risks, COVID-19, LIBOR and other benchmarks, Non-bank financial intermediation

• 7 July 2021 FSB Chair presents a comprehensive roadmap for addressing climate-related financial risks

  Chair’s letter also highlights policy proposals to enhance the resilience of money market funds and the importance of completing LIBOR transition.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate Risks, COVID-19, LIBOR and other benchmarks, Non-bank financial intermediation

• 6 July 2021 Progress report to the G20 on LIBOR transition issues: Recent developments, supervisory issues and next steps

  This report looks at recent progress made on LIBOR transition and stresses the need for urgent action by the end of 2021

  Content Type(s): Progress Reports, Publications, Reports to the G20 Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 6 July 2021 FSB urges action to complete the transition away from LIBOR by end-2021

  With limited time left until end-2021, all firms across the globe must act urgently to complete the steps set out in the Global Transition Roadmap.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 2 June 2021 Global Transition Roadmap for LIBOR

  Update to the Global Transition Roadmap in light of announcements made confirming LIBOR cessation dates and associated proposals by authorities and national working groups.

  Content Type(s): Publications Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 2 June 2021 Interest rate benchmark reform: Overnight risk-free rates and term rates

  Report considers the use of forward-looking risk-free rate term rates as alternatives to overnight risk-free rates.

  Content Type(s): Publications Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 2 June 2021 FSB OSSG Supports Use of the ISDA Spread Adjustments in Cash Products

  FSB statement on the use of the ISDA spread adjustments in cash products.

  Content Type(s): Publications Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 2 June 2021 FSB statement on smooth and timely transition away from LIBOR

  This statement encourages authorities to ensure that regulated entities align their use of new LIBOR contracts with the relevant timelines for the respective currency, regardless of where the trades are booked.

  Content Type(s): Publications Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 2 June 2021 FSB issues statements to support a smooth transition away from LIBOR by end 2021

  Statements and documents set out recommendations for stakeholders to consider when transitioning away from LIBOR.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 20 May 2021 FSB Commonwealth of Independent States (CIS) group discusses risks to financial stability

  FSB holds virtual meeting of the Regional Consultative Group for the Commonwealth of Independent States.

  Content Type(s): Other Meetings, Press, Press Releases Source(s): FSB, RCGs Policy Area(s): Climate Risks, COVID-19, Cross Border Payments, EMDEs, LIBOR and other benchmarks, Vulnerabilities Assessments