United States:
FHFA Instructs Federal Home Loan Banks To Transition Away From Purchase Of LIBOR-Tied Assets
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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.
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