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Content Type: Publications Tagged: 'Katie Hoyle'

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OIS and RFR Futures Conventions: Lessons for LIBOR replacement term rates

26 October 2018


The development of term benchmarks based on risk-free rates (RFRs) is an important aspect of the work to facilitate a successful transition from LIBOR, particularly for corporate lending and other cash products. This briefing considers how conventions used in Overnight...

LIBOR - A brief history

19 October 2018


In July 2017, the Chief Executive of the Financial Conduct Authority (FCA), Andrew Bailey, signalled the beginning of the end for LIBOR as an interest rate benchmark. He said that, in spite of the various reforms introduced from 2012, the underlying market for...

Transitioning from LIBORs and IBORs - an international overview

17 October 2018


Before financial markets can be encouraged to move from using LIBOR (the London Interbank Offered Rate) or other interbank offered rates (IBORs) as reference rates in new financial contracts, there must be suitable alternatives in place. This briefing provides...

LIBOR - Cross Product Review

10 October 2018


Following an announcement by Andrew Bailey, Chief Executive of the UK’s Financial Conduct Authority (FCA) on 27 July 2017, it became evident that market participants would need to prepare for the very real possibility that LIBOR would cease to exist –...

Brexit – implications for loan documentation: keep calm and carry on

27 July 2016


Since the Brexit referendum, some parties have been wondering whether any provisions need to change in their English law loan documentation. Although there is considerable uncertainty as to how and when Brexit might occur and therefore how it could impact documentation,...

Security registration reform – making things easier

10 July 2013


As from 6th April 2013, registration of security in the UK is set to become much simpler. Why? Because: (i) we will no longer have to complete long registration forms and will benefit from the ability to file electronically; (ii) charging documents will be available...

Financial Services Act 2012 and its impact on lending transactions

10 July 2013


From 1 April 2013, a new financial regulation framework will be operative in the UK. The Financial Services Authority (FSA) is being replaced by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the Bank of England is to have...