Financial Services Financial Services

UK banks starting to adopt US recommendations on contractual fallbacks for loans in the event of Libor’s demise

By Neil Roland
  • 12 Aug 2020 16:03
  • 12 Aug 2020 16:03
A growing number of UK banks are choosing to follow US recommendations on how to structure contractual fallbacks for loans from a group of lenders in the event Libor is scrapped, a senior Fieldfisher lawyer said.
A US Federal Reserve-sponsored panel has recommended a “hardwired” approach for the American market

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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