LIBOR is going away. It was a distant pronouncement in 2017, and
many thought it wouldn't happen, or would get delayed. But
it's coming. Soon. December 31, 2021 may still seem a long way
off, but there's a lot to do between now and then. Market
participants may be forgiven for concentrating on the global
pandemic the last few months, but regulators in many arenas have
stepped up their efforts in the past month to get the word out on
LIBOR transition and get everyone moving forward on the right
track.
Following its Summer Series on LIBOR transition, on August
7, 2020, the Alternative Reference Rates Committee of the New York
Fed published the SOFR Starter Kit, a set of factsheets to
inform the public about the transition away from USD LIBOR to SOFR.
The SOFR Starter Kit is intended to ensure market readiness for the
transition and help participants in markets using USD LIBOR to
quickly familiarize themselves with the background information of,
and main issues related
