United States: The Last 100 Days Of LIBOR: Episode 4 – The US Derivatives Market
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Anna Pinedo provides an overview of developments in the US
derivatives market, including addressing the following:
- New York State legislation regarding the discontinuance of
LIBOR - Managing the differences arising from the ARRC recommended use
of SOFR and the direction of the derivatives market - Mismatches between loans and the related hedges
- The CFTC’s SOFR-First Transition Initiative
- Using credit sensitive rates
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The administrator for LIBOR and other inter-bank offered rates, ICE Benchmark Administration (“IBA”), confirmed on March 5, 2021 its previously announced dates for LIBOR cessation.