22-EF-05: Federal Reserve - Regulation Implementing the LIBOR Act

On December 16, 2022, the Board of Governors of the Federal Reserve System (Board) adopted a final rule to establish benchmark replacements for contracts that reference the London Inter-Bank Offered Rate (LIBOR) and that do not have terms that provide for the use of a clearly defined and practicable replacement benchmark rate following the discontinuation of LIBOR.

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