FED – Agencies issue statement on LIBOR transition


Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

November 30, 2020

Agencies issue statement on LIBOR transition

  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Office of the Comptroller of the Currency

For release at 9:00 a.m. EST

WASHINGTON—The FED, Federal Deposit Insurance Corporation & Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable & in any event by December 31, 2021, in order to facilitate an orderly—& safe & sound— LIBOR transition.

Last Update:

November 30, 2020

Source: Federal Reserves

Submit press release posts on Lingoexp.com!

Leave a Reply

Your email address will not be published. Required fields are marked *