Archives - LIBOR and other benchmarks

• 9 July 2020 FSB and Basel Committee set out supervisory recommendations for benchmark transition

  Report recommends actions to facilitate financial and non-financial firms’ transition from LIBOR by end-2021.

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

• 1 July 2020 FSB statement on the impact of COVID-19 on global benchmark reform

  Financial and other firms should continue to ensure that their transition programmes enable them to transition to LIBOR alternatives before end-2021.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): COVID-19, LIBOR and other benchmarks

• 14 April 2020 FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: April 2020

  FSB Chair Randal K. Quarles’ letter to the G20 ahead of their April virtual meeting.

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

• 14 April 2020 FSB Chair updates Finance Ministers and Central Bank Governors on COVID-19 response

  FSB and its members are coordinating to maintain financial stability and support the real economy during the COVID-19 crisis.

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

• 19 February 2020 FSB Chair sets out focus for Saudi Arabian G20 Presidency

  Letter highlights the importance of a smooth transition to a post-LIBOR world.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Cyber Resilience, Effects of Reforms, FinTech, LEI, LIBOR and other benchmarks, Non-bank financial intermediation, SIFIs

• 19 February 2020 FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: February 2020

  Randal K. Quarles’ letter to the G20 ahead of meetings in Riyadh.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB Policy Area(s): Cyber Resilience, Effects of Reforms, FinTech, LEI, LIBOR and other benchmarks, Non-bank financial intermediation, SIFIs

• 30 January 2020 Correspondence with ISDA on pre-cessation triggers

  FCA responds to ISDA letter on pre-cessation triggers for LIBOR.

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

• 18 December 2019 FSB report sets out need to reduce risks to financial stability from LIBOR transition

  Report notes regulated firms should expect increased scrutiny of LIBOR transition efforts in the months ahead of end- 2021.

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

• 18 December 2019 Reforming major interest rate benchmarks: Progress report

  Annual progress report on implementing the FSB recommendations to reform financial benchmarks.

  Content Type(s): Progress Reports, Publications Policy Area(s): LIBOR and other benchmarks

• 17 December 2019 FSB work programme for 2020

  Annual work programme and publication timetable for the FSB.

  Content Type(s): Publications Policy Area(s): Climate-related Risks, Compensation, Correspondent Banking, Cyber Resilience, Effects of Reforms, FinTech, LIBOR and other benchmarks, Macroprudential, Non-bank financial intermediation, OTC Derivatives, Peer Reviews, Resolution and Crisis Management, Vulnerabilities Assessments