LIBOR transition industry and market update

Stay up to date on the transition from LIBOR to alternative reference rates, including SOFR, SONIA, SARON, €STR and TONA. Our monthly update features PwC’s take on the adoption of the new risk-free reference rates, a summary of industry publications, and key transition milestones. We cover interest rate benchmark reform developments in all major currencies and jurisdictions, providing analysis on the top developments.

Market update: June 1 – July 15(ish), 2022

  1. Highlights
    • Fed’s implementation of the LIBOR Act
    • Fake plastic LIBOR
    • DTCC LENS expansion
    • USD LIBOR swap rate fallbacks
    • Efterm
    • ISDA Benchmark Strategies Forum
  2. RFR adoption: Derivatives­
    • Futures
    • Swaps trading
  3. Publications at a glance
    • National working groups
    • Regulators
    • Industry groups, infrastructure providers and other items
  4. Target dates

Contact us

John Oliver

Partner, Governance Insights Center & National FinTech Trust Services Co-Leader, PwC US

Chris Kontaridis

US Deals, Strategy & Operations Leader for Tax Reporting & Strategy, PwC US

Justin Keane

Financial Services, Principal, PwC US

Jeremy Phillips

Asset & Wealth Management, Partner, PwC US

Jessica Pufahl

Partner, Financial Markets & Real Estate, PwC US

Maria Blanco

Principal, PwC US

Gaurav Shukla

Capital Markets Strategy Partner, PwC US

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