The Beginning of the End of the End: Transitioning Loans and Derivatives from USD LIBOR in 2021
Client Alert | 1 min read | 03.10.21
On March 5, the UK’s Financial Conduct Authority announced the dates on which USD and other LIBOR settings will cease to be published, officially marking the long-anticipated beginning of the end of a multi-year process to terminate LIBOR and transition markets to new benchmark rates.
In this client alert, Julia Lu and John A. Clark compare model USD LIBOR fallback approaches that have been promulgated by policymakers and industry leaders in the U.S. syndicated loan market, on the one hand, and the over-the-counter derivatives market, on the other, and discuss two alternative strategies for market participants seeking to minimize basis risk arising from different fallback approaches.
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Client Alert | 3 min read | 11.22.24
Key Takeaways from Crowell & Moring’s 38th Annual Managing Tax Audits and Appeals Seminar
On October 24, 2024, Crowell & Moring LLP hosted its 38th Annual Managing Tax Audits and Appeals Seminar. The seminar featured several prominent IRS speakers and lively discussion among clients, including conversations about the following hot topics:
Client Alert | 8 min read | 11.21.24
New Legislation Introduced in Congress Proposes Ending Normal Trade Relations with China and More
Client Alert | 5 min read | 11.21.24
OFAC Issues Necessary and Long-Awaited Updated Guidance for (Re)Insurance Industry
Client Alert | 9 min read | 11.20.24
2024 GAO Bid Protest Report Shows Notable Decrease in Merit Decisions
