‘SOFR First’ Initiative Kicks Off
Today marked the start of the first phase of the Commodity Futures Trading Commission’s “SOFR First” initiative, which it recommended ...
Tag: Libor
ARRC Issues Conventions for Forward-Looking SOFR Term Rate; Endorses Date for Cross-Currency Swaps
The Alternative Reference Rates Committee today made two significant announcements today. In the first, the ARRC recommended conventions and use ...
CFTC Staff Issue Statement on Libor Transition
In a joint statement today, the Commodities Futures Trading Commission’s Market Participants Division and Division of Market Oversight emphasized to ...
CFTC Panel Approves ‘SOFR First’ Rate Transition Plan
As part of regulators’ efforts to facilitate the ongoing transition away from Libor, the Commodity Futures Trading Commission’s Market Risk ...
BAFT Releases FAQ on Libor Transition
BAFT, the American Bankers Association subsidiary association for international transaction banking, today released a frequently asked questions guide on the ...
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and their associated timelines were submitted ...
Top Policymakers Emphasize Need for ‘Robust’ Alternate Reference Rates
Acting Comptroller of the Currency Michael Hsu today said that it is “imperative that banks continue careful planning” for the ...
CFTC Subcommittee Recommends Transition Dates for Interdealer Swap Market Trading Conventions
With certain tenors of Libor set to sunset at the end of 2021, the Commodity Futures Trading Commission’s Interest Rate ...
Banks’ Transition Away from Libor Just Became Easier
The variety of forward-looking term rates now available means that banks will have choices to offer when transitioning from Libor.
FSB Issues Roadmap, Additional Resources for Libor Transition
As banks prepare for the cessation of Libor—certain tenors of which are set to begin phasing out at the end ...
