Amidst COVID-19 concerns, there are ongoing regulatory considerations that require attention. Through our direct involvement in the market and regulatory affairs for all segments of the commercial lending business, AFS has been at the forefront of the coming mandatory transition to SOFR, working closely with the ARRC and other industry leaders to provide clarifications on LIBOR and SOFR. Currently, the onset of COVID-19 has not delayed the transition timeline, which calls for the cessation of LIBOR by the end of 2021. However, that does not mean that COVID-19 won’t have an effect on the preparedness planning for banks. Get the latest and keep on track for the transition with regular LIBOR Update webinars. Download and listen to past webinars. 9/9: Getting Ready for SOFR...Transition Time is Here AFS presented updates on the steps and timing to finally start the transition from LIBOR to SOFR. 7/8: SOFR is Heating Up, Get the Latest Update AFS presented the latest updates on how AFS is helping our clients meet SOFR requirements. 5/20: AFS is Helping Banks “Spring” into SOFR During this webinar, AFS experts provided the latest updates and gave live demos of how AFS systems are helping clients “spring” into SOFR. 4/9: LIBOR to SOFR Transition Efforts During COVID-19 Questions about the #LIBOR transition? Not sure if you’re ready? At AFS all systems are GO and we’re staying abreast of the latest LIBOR transition developments. 2/20: LIBOR Update This webinar included updates from the ARRC Bank Working Group, AFS LIBOR Survey results, AFS system developments to ensure compliance with new SOFR guidelines and AFS code delivery calendar. 12/4: LIBOR Update AFS reviewed the November 2019 ARRC Bank Working Group presentation "Overview of Interest Calculations Methodologies for Business Loans." And visit our LIBOR FAQ page for more insight into this critical topic.