International Swaps & Derivatives Association Board Statement on Adherence to IBOR Fallback Protocol
July 30, 2020
July 30, 2020
NEW YORK, July 30 -- The International Swaps and Derivatives Association issued the following statement on adherence to the forthcoming interbank offered rates fallback protocol:
"Since 2016, ISDA has been working with the Financial Stability Board Official Sector Steering Group on updates to its standard documentation for interest rate derivatives to implement more robust fallbacks for LIBOR and other key interbank offered rates (IBORs). These fallbacks will be critical to ens . . .
"Since 2016, ISDA has been working with the Financial Stability Board Official Sector Steering Group on updates to its standard documentation for interest rate derivatives to implement more robust fallbacks for LIBOR and other key interbank offered rates (IBORs). These fallbacks will be critical to ens . . .