![]() ![]() Comments on the proposal must be filed no later than 30 days after the date the proposal is published in the Federal Register. The proposal implements the Adjustable Interest Rate (LIBOR) Act, which was enacted in March 2022. The Federal Reserve Board issued a proposal last week that would establish default rules for benchmark replacements in certain contracts that use as a reference rate the London Interbank Offered Rate (LIBOR), which will be discontinued in 2023. ![]()
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