16 December 2022 Progress Report on LIBOR and Other Benchmarks Transition Issues: Reaching the finishing line of LIBOR transition and securing robust reference rates for the futureThis progress report on assesses progress in transitioning away from LIBOR and other benchmarks, in particular in advance of the 2023 cessation of remaining panel-based USD LIBOR settings.
This statement takes stock of the transition from LIBOR, following the end-2021 transition milestone, sets out key messages for market participants for 2022-23 and information on the FSB’s future work to support the transition.
22 November 2021 FSB Statement to Support Preparations for LIBOR CessationThis 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.
27 October 2021 2021 FSB Annual ReportReport 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.
FSB Chair Randal K. Quarles’ letter to the G20 Finance Ministers and Central Bank Governors ahead of their July meeting.
6 July 2021 Progress report to the G20 on LIBOR transition issues: Recent developments, supervisory issues and next stepsThis report looks at recent progress made on LIBOR transition and stresses the need for urgent action by the end of 2021
2 June 2021 Global Transition Roadmap for LIBORUpdate to the Global Transition Roadmap in light of announcements made confirming LIBOR cessation dates and associated proposals by authorities and national working groups.
Report considers the use of forward-looking risk-free rate term rates as alternatives to overnight risk-free rates.
FSB statement on the use of the ISDA spread adjustments in cash products.
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.