DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Scott DiMaggio - 1 Alliance Bernstein - 1 Shah - 1 Federal Reserve Bank of New York's - 1 Libor - 1 Tal Reback - 1 Gennadiy Goldberg - 1 John McCrank - 1
Top related locs:
London Iran U.S New York
Top related orgs:
YORK - 1 Alliance - 1 Regulators - 1 Federal Reserve Bank of New - 1 U.S - 1 Britain's - 1 Authority - 1 Libor - 1

Search resuls for: "Tal Reback"


2 mentions found


☆ As the Libor era ends, market participants hope for 'crickets'
  + stars: | 2023-06-30 | by ( John Mccrank Gertrude Chavez-Dreyfuss | John Mccrank | Gertrude Chavez-Dreyfuss | ) www.reuters.com   time to read: +4 min
While there has been some scrambling to amend contracts linked to Libor over the past month, the transition was well telegraphed and no major issues are expected, loan and derivatives market participants and lawyers said in interviews. "I feel like it has been two to three years now that we have been re-papering all the legacy loans and legacy securities we purchased tied to Libor," said Scott DiMaggio, co-head of fixed income, at Alliance Bernstein. Friday at 11:55 a.m. British Summer Time (1055 GMT) marked the last publication for the 1-month, 3-month and 6-month U.S.-dollar Libor interest rates. Other U.S. dollar tenors were largely phased out for new contracts at the end of 2021 along with Libor rates linked to other currencies. Derivatives markets based on Libor had already mostly moved to new benchmarks without major disruption, while some corners of the loan markets, such as syndicated loans, have been busy with contract amendments, market participants said.
Persons: Scott DiMaggio, Alliance Bernstein, Shah, Federal Reserve Bank of New York's, Libor, Tal Reback, Gennadiy Goldberg, John McCrank, Gertrude Chavez, Dreyfus, Alden Bentley, Stephen Coates Organizations: YORK, Alliance, Regulators, Federal Reserve Bank of New, U.S, Britain's, Authority, Libor, TD Securities, Thomson Locations: London, Iran, U.S, New York
☆ Analysis: Clock ticking for loan market as Libor nears its end
  + stars: | 2023-02-16 | by ( John Mccrank | ) www.reuters.com   time to read: +5 min
REUTERS/Dado Ruvic/IllustrationNEW YORK, Feb 16 (Reuters) - It's crunch time for the corporate loan market. "The shot clock is on," said Tal Reback, who leads KKR's global Libor transition efforts. The Libor transition began in 2017 and had been smooth until 2022, when rising interest rates, decades-high inflation, Russia's war on Ukraine and recessionary fears rocked markets. "The new issue market shut down," said Ian Walker, head of legal innovation at financial information provider Covenant Review. Libor was phased out for new contracts at the end of 2021, though most existing U.S. dollar-denominated contracts have until June 30 to switch.
0 next >>
Total: 2