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CFTC Offers No-Action Relief To Ease Libor Transition

By Reenat Sinay (December 18, 2019, 4:44 PM EST) -- The U.S. Commodity Futures Trading Commission announced Wednesday that financial firms won't be penalized for swap contracts tied to the London Interbank Offered Rate as an incentive to usher firms away from Libor as it begins winding down and toward alternative interest rate benchmarks....

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