Sector Regulation Sector Regulation

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 that locks in

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