United States:
FHFA Instructs Federal Home Loan Banks To Transition Away From Purchase Of LIBOR-Tied Assets
To print this article, all you need is to be registered or login on Mondaq.com.
On September 27, the Federal Housing Finance Agency (FHFA)
instructed the Federal Home Loan Banks to stop practice of
purchasing any investments with assets tied to LIBOR with
maturities beyond December 31, 2021, as part of the transition away
from LIBOR. As of March 31, 2020, according to the FHFA policy,
Federal Home Loan Banks will be restricted from entering into all
other LIBOR-based transactions, subject to certain limited
exceptions. Release.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.