FSB publishes global transition roadmap for LIBOR

In July 2020, the FSB and Basel Committee on Banking Supervision published a report[7] on supervisory issues associated with benchmark transition, setting out recommendations for authorities to support financial institutions’ and their clients’ progress in transitioning away from LIBOR.

The FSB coordinates at the international level the work of national financial authorities and international standard-setting bodies and develops and promotes the implementation of effective regulatory, supervisory, and other financial sector policies in the interest of financial stability. It brings together national authorities responsible for financial stability in 24 countries and jurisdictions, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts. The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

The FSB is chaired by Randal K. Quarles, Vice Chairman, US Federal Reserve; its Vice Chair is Klaas Knot, President of De Nederlandsche Bank. The FSB Secretariat is located in Basel, Switzerland, and hosted by the Bank for International Settlements.

Press release available as:
PDF[8]

References

  1. ^ [email protected] (www.fsb.org)
  2. ^ global transition roadmap for LIBOR (www.fsb.org)
  3. ^ July the FSB reaffirmed (www.fsb.org)
  4. ^ Global Transition Roadmap for LIBOR (www.fsb.org)
  5. ^ adhered to the Protocol (www.fsb.org)
  6. ^ recent annual progress report (www.fsb.org)
  7. ^ published a report (www.fsb.org)
  8. ^ PDF (www.fsb.org)

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