ARRC Publishes Checklist for Institutions Transitioning from Libor to SOFR

The Alternative Reference Rates Committee today issued an implementation checklist to help institutions working to transition away from the London ...

ABA’s Benton Discusses Importance of Getting Libor Transition Right

Commercial Lending

September 12, 2019

With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial ...

FASB Proposes Guidance to Ease Libor Transition

Newsbytes

September 6, 2019

As banks work to reduce their dependence on the London Interbank Offered Rate, the Financial Accounting Standards Board yesterday proposed ...

SEC Urges Market Participants to Prepare for Libor Transition

Economy

July 15, 2019

The Securities and Exchange Commission late Friday issued a statement warning of the potential consequences for financial markets if the ...

ARRC Releases White Paper on Using SOFR Average for ARM Products

Newsbytes

July 11, 2019

The Alternative Reference Rates Committee yesterday released a white paper that shows how to use an average of the Secured ...

Powell: Trade Uncertainties, Slowing Global Growth Putting Pressure on U.S. Economy

Economy

July 10, 2019

Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell said he and his colleagues “don’t expect ...

ARRC Issues Recommendations on Risk-Free Rates in Cross-Currency Swaps

Compliance and Risk

June 24, 2019

The Alternative Reference Rates Committee today released a document offering preliminary considerations for the use of risk-free rates in interdealer ...

Rep. McHenry Presses Fed for More Guidance on Libor Transition

Commercial Lending

June 20, 2019

House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles this ...