News stories tagged LIBOR
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BRIEFLY: MA earns reaccreditation; Tool aims to ease bank LIBOR transition; happy President’s Day!
(Feb. 12, 2021) Congratulations to the Massachusetts Division of Banks (credit union supervision) on being reaccredited by NASCUS. Established in 1989, the NASCUS Accreditation Program administers and assures quality standards...
BRIEFLY: Banking agencies urge stop to LIBOR use now
(Dec. 4, 2020) Banks, “as soon as practicable,” should cease entering into new contracts that employ LIBOR as a reference rate in loan contracts, the three federal banking agencies said...
Momentum growing for abandonment of LIBOR
The forward motion to officially sideline LIBOR (London Interbank Offering Rate) as a reference rate for such financial products as adjustable mortgages and others continued this week with two top...