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It’s hard to believe that, after more than six years, we can actually see the LIBOR finish line.

My esteemed colleague, Lary Stromfeld, has been banging drums from the outset and has certainly earned his market-leading reputation with his critically important work guiding the Federal Reserve ARRC, his drafting of New York State and federal LIBOR legislation, his counsel to many of our leading financial services clients, his thought leadership and his management of our LIBOR Preparedness Team.  

Lary has two items in today’s Cabinet News and Views − an update on the ARRC’s recent activities and an article on LIBOR he wrote for IFLR. Both are must reads as we get closer to the end of LIBOR as we know it.  

Lots more to read about this week. And by way of coming attractions, we are taking an in-depth look at the FSOC proposals on an analytic framework for financial stability risks and nonbank financial company determinations, and will have that out for next week’s edition. Also judging from the news out of Washington, it sounds as if we will be looking at the Federal Reserve’s (and possibly the FDIC’s) supervisory post-mortems on last month’s bank failures, and will provide thoughts on those next week as well.    

For now, please reach out here if there’s anything you’d like to talk about.   

Daniel Meade 
Partner and Editor, Cabinet News and Views

April 27, 2023
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