...J. Paul Forrester; Mary Jo N. Miller Purpose Summarize and review the key developments during the first three-quarters of 2021 relating to transition of the London InterBank Offered Rate (LIBOR) to alternative risk-free rates, in accordance with the guidance of global regulators and market...

...Jawad Ali; Michael Rainey; Asal Saghari Purpose To examine the implications of the cessation of LIBOR in the context of Islamic finance transactions and to suggest potential solutions for the Shari’ah-compliant use of near risk-free reference rates (RFRs) in such transactions. Design...

... of which overlapped with the 2008 financial crisis. While there, he advocated for extensive reform to the swaps market and led the agency when it charged five financial institutions for manipulating LIBOR, the international benchmark of the average interest rate. He was instrumental in implementing much...