As the global effort to transition away from LIBOR continues, the Federal Reserve is working with both domestic and foreign supervisors to ensure that supervised institutions are prepared. To mitigate potential risks and promote a smooth transition away from LIBOR, the Federal Reserve has emphasized the importance of preparation and transitioning to the market.

Presentation by Vice Chair for Supervision Quarles on LIBOR at the Financial Stability Oversight Council Meeting (PDF) (June 11, 2021)

SR Letters
  • SR 21-07, Assessing Supervised Institutions' Plans to Transition Away from the Use of the LIBOR
  • SR 20-29, Treatment of Certain Legacy Swaps Affected by Brexit and the Swap Margin Rule
  • SR 20-27, Interagency Statement on LIBOR Transition
  • SR 20-25, Interagency Statement – Reference Rates for Loans
  • SR 20-22, ISDA IBOR Fallback Protocol and IBOR Fallback Supplement
  • SR 20-17, Federal Financial Institutions Examination Council Issues Joint Statement on Managing the LIBOR Transition
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Last Update: June 14, 2021