The UK Financial Conduct Authority announced in 2017 that it would no longer support the calculation of the London Interbank Offered Rate (“LIBOR”), which has been a widely used benchmark rate used in calculating variable rate debt instruments. As certain LIBOR tenors are expected to be phased out by the end of 2021, and the remaining tenors will be phased out by June 30, 2023, some instruments that use LIBOR as a benchmark may have to be amended or terminated. Though some newer instruments have “fallback” language to account for the risk that LIBOR would become unavailable for use, older instruments may not have this flexibility-creating language.

Blago Petkov, highly experienced private equity M&A tax professional, joins A&M

The European Banking Authority (EBA) published the 2021 EU-wide stress test results, which involved 50 banks from 15 EU and EEA countries, covering 70% of the EU banking sector assets. This exercise allows to assess, in a consistent way, the resilience of EU banks over a three-year horizon under both a baseline and an adverse scenario, which is characterised by severe shocks taking into account the impact of the pandemic.

A new value chain has emerged through the introduction of blockchain and cryptocurrency. Understanding the key value drivers and advantages enables us to mitigate risk and identify opportunities for optimization.

A&M Europe Women's Network recently hosted a webinar focused on inspirational women in business featuring the founding partners of Goddess Gaia Ventures, a female founded venture capital impact fund, and their thoughts on female entrepreneurship. 

For more than half a century, Medicare had only been available to those 65 and older (or those with qualifying disabilities), but now, the Biden administration is proposing to lower the eligibility age to 60. Under this new policy, an additional 20.8 million people would have access to Medicare coverage.

This month's edition of Raising the Bar provides insights on how businesses can effectively preserve and analyze ESI.

Peter Urbanowicz, Managing Director and co-head of Alvarez and Marsal’s Healthcare Industry Group discusses the FDA’s new focus in addressing supply chain and device shortages on a new Data Book podcast.

Gaganpreet Puri and Vishal Narula join from PricewaterhouseCoopers as Managing Directors in Delhi and Bangalore, respectively.

To help better understand the compensation pay practices among recently IPO’d companies (including base salary, short-term incentive and long-term incentive compensation), Alvarez & Marsal’s Compensation and Benefits practice examined the Compensation Discussion and Analysis portion of Form S-1 filings of the companies that went public over the past two-plus years.

Industry Leading Survey Highlights Critical Need for Data-Driven Performance Metrics and Importance of Aligning Compensation with Marketplace Both Before and After an IPO

The latest A&M Non-executive Director (NED) report we look at actual fees paid and the disclosed fee policies for FTSE 350 and FTSE SmallCap companies with year ends between 1 March 2020 and 31 January 2021. Fee differences between financial services companies and other sectors are also analysed in this report.