STATEMENT BY SUPERINTENDENT OF FINANCIAL SERVICES LINDA A. LACEWELL ON LIBOR TRANSITION RISK MANAGEMENT PLANS:

“Today at the request of numerous DFS regulated entities, the Department is extending the deadline for LIBOR transition risk management plans by 45 days. The Department expects all institutions to submit complete and comprehensive plans by the revised submission date of March 23, 2020. This is the final deadline.”

For a copy of the Superintendent’s letter, please click here on the DFS website.