Risk Considerations on the Cessation of LIBOR

With the end date for issuing new London Interbank Offered Rate (LIBOR)- based contracts fast approaching, an RMA-New York Chapter event offered information and a bit of inspiration on navigating the transition from the formerly ubiquitous reference rate.

U.S. regulators have made it clear that, save for special exceptions, U.S. dollar LIBOR should not be used as a benchmark rate for new agreements past December 31, 2021. In addition, inby June 30, 2023, all legacy contracts that refe…