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Statement on LIBOR Transition - November 30, 2020
Nov 30, 2020 · Previously, the Contributor Banks to the USD LIBOR panel had agreed to serve as Contributor Banks only until December 31, 2021. 5 For example, a disorderly transition away from LIBOR could pose consumer protection, litigation, and reputational risks. Various provisions of federal law require banks to operate in a safe and sound manner. See, e.g.,
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