FHLBanks LIBOR Transition

The Federal Housing Finance Agency (FHFA) has issued instructions to FHLBanks to begin transitioning away from LIBOR. This includes two deadlines impacting the maturities for any LIBOR-based assets, debt or derivatives.

"By March 31, 2020, FHLBanks should no longer enter into new financial assets, liabilities and derivatives that reference LIOBR and mature after December 31, 2021." Click here to read the announcement and here to read the complete letter.

About Epsilon Technologies Group

Epsilon is a vibrant capital markets technology solutions and services firm serving small and medium-sized financial institutions such as regional banks, Government-Sponsored Enterprises, and Federal Home Loan Banks. The Group’s deep expertise embraces every aspect of software development, products, data, technologies, and consulting. Epsilon offers ETS and Principia Analytic System as licensed products, and various innovative bespoke solutions across a broad set of capital markets domains. Epsilon also offers a full range of consulting services, including implementation, advisory, analytics, risk management, accounting, and data modeling.