ARRC Chairman Addresses SOFR Concerns in Bloomberg Op-Ed
In a Bloomberg op-ed on Friday, Tom Wipf—chairman of the Federal Reserve’s Alternative Reference Rates Committee and vice chairman of ...
Tag: Libor
ARRC Recommends Libor Fallback Language for Residential ARMs
The Alternative Reference Rates Committee today issued its recommended fallback language for residential adjustable-rate mortgages that reference the London Interbank ...
McWilliams Expresses Concern about New Loans Tied to Libor
In an interview with MarketWatch published today, FDIC Chairman Jelena McWilliams expressed concern that banks are continuing to originate loans ...
New York Fed Seeks Comment on Publication of SOFR Term Rates, Index
As expected, the Federal Reserve Bank of New York today announced plans to publish daily three compounded averages of the ...
N.Y. Fed’s Williams: Repo Market Turmoil No Reason to Delay Libor Switch
Recent money market conditions that have seen the Federal Reserve resume regular repo operations for the first time in years ...
IRS Proposed Rule Would Help Ease Transition Away from Libor
The IRS today proposed regulations intended to help market participants transition from the London Interbank Offered Rate to an alternative ...
Survey Finds Cost of Funds Top of Mind for Community Bankers
Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released ...
FHFA Directs FHLBs to End Dependence on Libor
With the future of the London Interbank Offered Rate uncertain beyond 2021, the Federal Housing Finance Agency today directed the ...
N.Y. Fed Chief: Don’t Wait for Term SOFR to Begin Rate Transition
Market participants should not wait for term versions of the Secured Overnight Financing Rate to begin adopting it in contracts, ...
