LIBOR Transition Working Group Content

On July 7, the CFTC approved the "made available to trade" (MAT) determination that Tradeweb's registered swap execution facility (SEF), TW SEF LLC (TW SEF), resubmitted in late May for certain overnight index swaps (OIS) referencing specific risk-free rates. Specifically, the MAT...

On May 22, Tradeweb's registered swap execution facility (SEF) TW SEF LLC (TW SEF) re-filed a "made available to trade" (MAT) submission with the CFTC for certain interest rate swaps referencing specific risk-free rates (RFRs), after withdrawing the MAT submission it filed on April 12...

On April 12, Tradeweb's registered swap execution facility (SEF), TW SEF LLC ("TW SEF") filed a "made available to trade" (MAT) submission with the CFTC for certain interest rate swaps referencing specific risk-free rates (RFRs). The swaps covered in this filing are a subset of swaps...

On December 16, 2022, the Board of Governors of the Federal Reserve System (the "Board") issued a final rule ("Final Rule") implementing the US Adjustable Interest Rate (LIBOR) Act, which was enacted on March 15, 2022. The Final Rule establishes the benchmark replacements that will...

At a public session on December 19, the US Financial Stability Oversight Council (FSOC or Council) issued its 2022 annual report to Congress. As required by statute, the FSOC report addresses significant financial market and regulatory developments, provides an assessment of those...

On October 25, ICI submitted the attached follow-up letter to SEC Chair Gary Gensler on the applicability of Rule 15c2-11 to fixed income securities, particularly to Rule 144A debt securities. ICI previously joined several industry associations last fall in submitting an initial...

On August 12, the Commodity Futures Trading Commission (CFTC) adopted a final rule modifying the swap clearing requirements to reflect the market shift away from the London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) in favor of alternative benchmark...

In June, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services.

On July 26, William Birdthistle, Director of the SEC's Division of Investment Management, gave a speech on current issues and trends in investment management at the Practicing Law Institute Investment Management 2022 program.

Last week, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services ("information providers").