The transition from LIBOR to alternative risk free rates (RFRs) represents one of the biggest changes to the financial services industry, including those providing trust and agency services. There is increasing pressure on market participants from global regulators to take action to address LIBOR transition in both new and legacy transactions. Given the volume of product and processes affected, LIBOR transition will entail considerable work and risk.
As a result of regulator pressure, LIBOR and other benchmark rates are likely to be restructured or abolished by the end of 2021. We want to keep you up to date with key regulatory and industry developments and provide practical tools to help you navigate the challenges the reforms present.
This briefing considers the issues arising from LIBOR transition for administrative agents, collateral agents, trustees, intermediaries and other financial institutions to help you find a solution.
The team tracks financial services regulatory developments. A sample of IBOR updates over the past month includes:
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The Environment Protection Reform Act 2025 (Cth) (EPBC Reform Act) and related legislation passed the Senate on 27 November 2025 and the House of Representatives on 28 November 2025, following negotiations between Labor and the Greens on key amendments.
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Getting a satellite or other spacecraft into its intended orbit is still an extraordinary exercise even with their increased frequencies in the last decade – involving a number of activities across the space value chain.
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Community benefit agreements (CBAs) are becoming a core project deliverable in the renewable energy sector, with regulators around the country embedding community benefit requirements into project approval processes and policies.
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