The Financial Accounting Standards Board has released an update on its recent guidance on reference rate reforms to clarify its scope. With reference reforms, banks and other financial institutions ...

FASB issued guidance Thursday that is designed to clarify which derivatives are eligible for certain optional expedients and exceptions under the board’s new standard that creates accounting relief ...

FASB issued a proposal Thursday that is intended to clarify the scope of the board’s guidance on reference rate reform. In March, FASB issued Accounting Standards Update No. 2020-04, Reference Rate ...

NEW YORK, Sept 26 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday his bank is launching a new panel with private market participants on the reference rates markets ...

On June 4, 2021, the Loan Market Association (LMA) published a recommended form of its reference rate selection agreement, which has been updated following market feedback. The reference rate ...

Banks have slighlty lowered their base lending rate to 25.20 percent this month from 25.30 percent last month following a ...