1.10.20
The success of the LIBOR transition could hinge on contracts’ fallback language and the industry’s ability to determine what rate to use in contracts that do not include provisions to deal with the transition. Recently, Treasury Secretary Mnuchin noted that legislation could be one pathway to providing an outline for how these contracts should move forward. In a recent SFA blog, we looked at legislation proposed by the Alternative Reference Rates Committee (ARRC) that we believe would be a strong option.
Read more via the Structured Finance Association’s blog.