Tough legacy and Gender pay gap: Difference between pages

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''Interest rates - reference rates - LIBOR transition.''
''Diversity and inclusion''.


In this context 'legacy' contracts are existing contracts (1) referencing LIBOR (2) that do not include fallback provisions that cater satisfactorily - or at all - for the continuation of the contract upon LIBOR being permanently discontinued.
(GPG).


'Tough legacy' contracts are once that both (1) contain inadequate fallbacks and (2) are impossible or very difficult to amend in advance of the end 2021 deadline for the cessation of LIBOR.
The gender pay gap is the difference between the pay received by women and men for equivalent work.


The UK Government Equalities Office (GEO) aims to eliminate the gender pay gap by requiring larger employers to publish their gender pay data, and working with other government departments to address the causes of the gender pay gap.


:<span style="color:#4B0082">'''''Tough legacy contract examples'''''</span>


*Certain bonds (because the use of consent solicitations to transition legacy LIBOR bonds is costly, time-consuming and may require the consent of all of the bondholders).
== See also ==
*Certain bilateral and syndicated loans (due to the diverse nature of borrowers, questions of cost and resource availability and other challenges).
* [[Ally]]
*Certain derivatives (particularly where these are used to hedge an exposure which is itself considered tough legacy or forms part of a more complex structure).
* [[BAME]]
* [[Diversity]]
* [[Ethnicity pay gap]]
* [[GMP equalisation]]
* [[Government Equalities Office]]
* [[LGBTQ+]]
* [[30% Club]]


:''A practical guide to LIBOR transition - Slaughter and May - September 2020, p11''
[[Category:Ethics_and_corporate_governance]]
 
 
==See also==
*[[Bilateral]]
*[[Bond]]
*[[Bondholder]]
*[[Consent solicitation]]
*[[Derivative]]
*[[Fallback]]
*[[Hedging]]
*[[Legacy]]
*[[LIBOR]]
*[[Risk-free rates]]
*[[Syndicated loan]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Latest revision as of 14:38, 8 September 2023

Diversity and inclusion.

(GPG).

The gender pay gap is the difference between the pay received by women and men for equivalent work.

The UK Government Equalities Office (GEO) aims to eliminate the gender pay gap by requiring larger employers to publish their gender pay data, and working with other government departments to address the causes of the gender pay gap.


See also