LIBOR and benchmarks

LIBOR and benchmarks guidance:

Background to the regulated activities relating to benchmarks The London Inter-Bank Offered Rate (LIBOR) is a global benchmark for short term interest...

Practice Note

Background to the regulated activities relating to benchmarks The London Inter-Bank Offered Rate (LIBOR) is a global benchmark for short term interest rates. The...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

Practice Note

The Benchmarks Regulation was published in the Official Journal on 29 June 2016 and came into effect on 30 June 2016. Most of its provisions applied from 1 January 2018....

Practice Note

This Practice Note explains the Loan Market Association (LMA)’s approach to the calculation of interest in its facility documentation. It explains the calculation of...

Practice Note

One way for banks and other financial institutions to generate revenue is by charging interest on the loans they make. For a bank or financial institution to make money...

Practice Note

This Practice Note provides: • information on the background to the transition away from London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs)...

Practice Note

In summary, a market disruption clause sets out how interest is calculated for a loan if a lender’s cost of funding the loan is in excess of London Interbank Offered Rate...

Practice Note

Part 7 of the Financial Services Act 2012 The Financial Services Act 2012 (FSA 2012) introduced new criminal offences relating to financial services of: • making false or...

Practice Note

Introduction Prior to September 2008, numerous small and medium-sized enterprises (SMEs) entered into interest rate hedging products (IRHPs) to support borrowing with...

Practice Note

This Practice Note: • explains what LIBOR is • provides a brief summary of the developments affecting LIBOR over the last few years and the proposed upcoming changes, and...

Practice Note

UK regulatory focus on benchmarks From 2009, the UK, EU and international regulators began to investigate suspected widespread misconduct in the setting of the interest...

Practice Note