FFIEC webinar will cover possible LIBOR changes

The Federal Financial Institutions Examination Council is hosting a webinar on Dec. 6 at 1 p.m. ET to discuss possible future alternatives to the London Interbank Offered Rate, or LIBOR, the benchmark for setting interest rates around the world. LIBOR may not be available after 2021, and credit unions should be aware of possible alternative […]

The Federal Financial Institutions Examination Council is hosting a webinar on Dec. 6 at 1 p.m. ET to discuss possible future alternatives to the London Interbank Offered Rate, or LIBOR, the benchmark for setting interest rates around the world.

LIBOR may not be available after 2021, and credit unions should be aware of possible alternative rates that will be used as benchmarks in the future and how to prepare for that possibility.  To register, please visit the industry outreach registration website.

The 60-minute webinar, which will include NCUA staff, will provide participants with background information on LIBOR and recent developments in the market, including initiatives by the Alternative Reference Rates Committee.

The agencies will also answer questions submitted by participants, which can be submitted in advance to SR-FRB-FFIEC@frb.gov.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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