Archives - LIBOR and other benchmarks

• 22 November 2021 FSB Statement to Support Preparations for LIBOR Cessation

  This statement on LIBOR transition outlines steps to be taken in advance of LIBOR cessation at the end of 2021, both for new contracts and for legacy contracts.

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

• 22 November 2021 FSB urges swift action to ensure preparedness for LIBOR cessation

  With only a few weeks remaining to the end of 2021, it is now critical that market participants act urgently to complete any remaining steps set out in the FSB’s Global Transition Roadmap.

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

• 27 October 2021 2021 FSB Annual Report

  Report presents the FSB’s high-level assessment of current vulnerabilities in the global financial system; describes its ongoing financial stability work; and reports on the implementation and effects of G20 reforms.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB Policy Area(s): Climate Risks, Compensation, COVID-19, Cross Border Payments, Crypto Assets, Cyber Resilience, Effects of Reforms, Implementation Monitoring, LIBOR and other benchmarks, Non-bank financial intermediation, OTC Derivatives, Resolution and Crisis Management, SIFIs, Supervision and Risk Management, Vulnerabilities Assessments

• 27 October 2021 FSB’s revamped Annual Report describes its work to promote global financial stability

  The Annual Report has been redesigned to be more forward-looking and encompassing so that it describes the FSB’s work to promote global financial stability.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate Risks, Compensation, COVID-19, Cross Border Payments, Crypto Assets, Cyber Resilience, Effects of Reforms, Implementation Monitoring, LIBOR and other benchmarks, Non-bank financial intermediation, OTC Derivatives, Resolution and Crisis Management, SIFIs, Supervision and Risk Management, Vulnerabilities Assessments

• 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