Lawyers pick holes in Libor statutory fix

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Legislation designed to switch financial contracts referencing US dollar Libor to a replacement benchmark without exposing users to litigation could be challenged in the courts, legal experts say.

The Alternative Reference Rates Committee (ARRC), the Federal Reserve-sponsored group overseeing US benchmark reform, released a legislative proposal on March 6 to address the problem of ‘tough legacy’ contracts that are most stubbornly welded to Libor.

The planned law aims to provide immunity from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]