The Federal Reserve today asked for public comment on a proposal for the Federal Reserve Bank of New York to publish three new reference rates for use in U.S. dollar derivatives and financial contracts.
The U.K.-based Financial Conduct Authority today announced that the London Interbank Offer Rate, or Libor, will continue to be supported by reporting banks until the end of 2021.
The Alternative Reference Rate Committee on Thursday recommended a broad Treasuries repo financing rate as a preferred alternative to the London Interbank Offer Rate, or LIBOR.
The global Financial Stability Board — made up of the U.S. Treasury and its counterparts in other developed countries — published a progress report today on its efforts to reform interest rate benchmarks such as the London Interbank Offer Rate, or Libor.
Deutsche’s deferred prosecution agreement is the largest of the Libor-rigging settlements.