Banking Litigation Notes

BoE confirms daily publication of SONIA compounded index from August 2020: impact on new vs legacy cash products

The latest development in the Bank of England's (BoE) attempts to support the adoption of SONIA in cash products - and to speed up the transition away …

UK Tough Legacy Taskforce recommends LIBOR legislative fix: key risks and next steps

ISDA releases report explaining final results of LIBOR consultation on pre-cessation fallbacks: the nuance behind the consensus

LIBOR Transition: Is ARRC's Proposed Legislative Fix Constitutional?

In early March, 2020, the Alternative Reference Rates Committee (ARRC) in the US published a proposal for New York legislation to assist the transition …

LIBOR transition: The risks of interim milestone delay for the cash market due to COVID-19

ISDA pre-cessation fallback consensus: will this reduce legacy LIBOR risk in the derivatives market?

LIBOR transition: What does the US regulator's proposed legislative fix mean for UK financial markets?

The Bank of England's attempts to "turbo-charge" LIBOR transition in the cash markets: will these increase or decrease the litigation risks?

LIBOR transition: litigation risk observations on suite of documents published by the regulators in January 2020

The transition from LIBOR: FCA conduct risk warning and next steps

Over the past couple of weeks, the FCA has released two important communications in the context of the discontinuation of LIBOR, which is expected to …

LIBOR Transition - The Documentary Challenge for Corporates (ACT webinar)

LIBOR discontinuation – FCA thematic feedback on responses to Dear CEO letter

The FCA and PRA yesterday published a joint statement setting out their key observations from the responses of major banks and insurers in the …