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The Libor transition is creating huge headaches for the industry; harnessing AI technologies may be the key to tackling it.
October 23ABBYY -
While using the 30-day SOFR as its index, Freddie Mac structured the deal so it could shift to a one-month term if and when that rate is approved.
October 19 -
In a critical development in the global shift away from old benchmarks that was triggered by Libor's shortcomings, interest-rate swaps on more than $80 trillion in notional debt will transition this weekend to a new rate for determining their value.
October 15 - LIBOR
The restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.
September 21 -
Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.
September 18 -
This proposed Libor replacement is an imaginary, backward-looking benchmark dreamed up by the economists at the Fed with no discernible market.
September 2Whalen Global Advisors LLC -
The Consumer Financial Protection Bureau seeks to address challenged posed by the sunset of the London interbank offered rate at the end of 2021.
June 4 -
Fannie Mae and Freddie Mac have different timelines for the switch.
May 28 - LIBOR
Regulators on both sides of the Atlantic have spent the better part of three years trying to kill the London interbank offered rate. Now, they're looking to it once again to underpin hundreds of billions of dollars in loans as they seek to rescue their economies.
May 6 -
Officials from 10 midsize American banks said U.S. regulators' preferred index for replacing the maligned Libor benchmark is ill-suited for them.
February 27