BAN2125. LIBOR Transition

Gain an understanding of current market developments and the associated accounting relief provided by the FASB under ASC 848.

Learning Objectives:

• Analyze accounting relief provided under 848 for modification accounting and hedge accounting
• Recognize the background on the LIBOR transition
• Evaluate when certain LIBOR rates are ceasing
• Assess the accounting relief to apply to contracts that reference LIBOR