On 11/19/21, the Federal Reserve Board updated their FAQs regarding the transition away from the London Interbank Offered Rate (LIBOR). Originally issued on July 29, 2021, Federal Reserve Letter SR 21-12 was revised to provide additional frequently asked questions in response to questions from institutions regarding the transition away from using LIBOR as a reference rate. The updated FAQs, together with the FAQs issued in July 2021, were included with the letter.

SR 21-12 can be found here.

The original July 29, 2021 FAQs can be found here.

The updated FAQs (11/19/21) can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

Website

Become a Free Member