LIBOR Trade Association Working Party

Following Andrew Bailey's July 2017 speech on the future of LIBOR, trade associations from across global financial markets and product areas set up a LIBOR Trade Association Working Party to establish regular communication, discuss the key issues arising from the transition from LIBOR to risk-free rates and update each other on developments in relation to the transition. The Working Party represents an important source of global and cross-product communication on a market-wide issue.

Membership of the Working Party currently comprises the Association of Corporate Treasurers (ACT), Association of Foreign Banks (AFB), Association for Financial Markets in Europe (AFME), Asia Pacific Loan Market Association (APLMA), Euroclear, FIA, Global Financial Markets Association (GFMA), Investment Association (IA), International Capital Market Association (ICMA), International Capital Market Services Association (ICMSA), Investment Association (IA), International Swaps and Derivatives Association (ISDA), Japanese Bankers Association (JBA), Japan Syndication and Loan-trading Association (JSLA), Loan Market Association (LMA), Loan Syndications and Trading Association (LSTA), Securities Industry and Financial Markets Association (SIFMA), The Association of Corporate Treasurers (TACT) and UK Finance.