Search for:
AML & Financial Services Regulatory

Global: LIBOR Transition – Upcoming Deadlines

By , , , , and 1 Min Read

As is well known, LIBOR will cease to be published on 31 December 2021 (for all currencies and tenors other than the most commonly used USD settings) and 30 June 2023 (for those remaining USD settings).

Financial institutions must also work towards earlier LIBOR transition deadlines set for them by their regulators and supervisors and the risk-free reference rate working groups for the LIBOR jurisdictions.

This client alert sets forth a timeline of upcoming deadlines for LIBOR transition.

Categories:
Author

Nick is a partner in the banking and finance team of Baker McKenzie. Nick is based in London and his experience includes a secondment to the Blackstone Group and to the Hong Kong office of his previous firm.

Author

Andrew Sagor is the Co-Chair of the Leveraged Finance Practice in North America and a partner in the Corporate & Securities Practice Group based in New York. Andrew mainly focuses his practice on structuring and negotiating market-shaping private equity and debt financing transactions. Andrew is a member of the Firm's Private Equity Steering Committee in North America.

Author

Mark Tibberts is a partner in the North America Banking, Finance & Major Projects Practice Group in New York. Mr. Tibberts has a wide range of finance experience, including bank loans, private placements, trade finance, and Rule 144A offerings. He also has represented buyers, sellers and other participants in numerous mergers, acquisitions and joint ventures involving energy and infrastructure projects. Mr. Tibberts has represented the full range of energy industry participants, from traditional gas and electric utilities to commercial banks and other lenders and developers and private equity firms.

Author

Teresa Ientile is a special counsel in the Banking & Finance team at Baker McKenzie Sydney. Teresa has more than 25 years' experience in advising financial institutions and corporate counterparties on the structuring and documentation of swaps and derivatives transactions. Teresa has previously worked in Baker McKenzie's Melbourne and London offices, and is a member of the Global Steering Committee of the Baker McKenzie Global Derivatives Transaction Practice Group.

Author

John F. Lawlor is an attorney in the North America Banking, Finance and Major Projects Practice Group in Baker & McKenzie's Chicago office. Mr. Lawlor has experience representing lenders and borrowers in many types of complex financings, including senior and subordinated debt, secured and unsecured, investment grade and non-investment grade debt financings and cross-border financings.

Author

Gabby White is a Knowledge Lawyer in Baker McKenzie London office.

Related Posts