On 5 April 2022, the Financial Stability Board (FSB) published a statement welcoming the smooth transition away from LIBOR to robust alternative rates across global markets. Firms should maintain momentum in active transition of LIBOR legacy contracts referencing synthetic GBP and JPY LIBOR settings. The FSB intends to conduct a follow-up assessment in H2 2022 to identify any remaining transition and supervisory challenges in support of LIBOR transition.

On 3 March 2022, the Working Group on Euro Risk-Free Rates (the Euro Working Group) announced its 2022/23 Work Programme alongside a call for expressions of interest from administrators developing €STR-based term structures as a fallback in EURIBOR-linked contracts. The deadline for responses is 8 April 2022.

On 17 February 2022, the US Alternative Reference Rates Committee (ARRC) published its 2022 Objectives (the Objectives). The Objectives reflect the ARRC's efforts to continue supporting transition away from LIBOR, preparing markets for the end of USD LIBOR in 2023, and facilitating the voluntary adoption of SOFR as a more robust and resilient alternative.