ABA chief economist named to New York Fed reference rate committee
ABA Chief Economist Sayee Srinivasan has been named a member of the Federal Reserve Bank of New York’s new committee ...
Tag: Reference rates
Podcast: Understanding how monetary policy shapes SOFR
On this episode of the ABA Banking Journal Podcast, ABA economist Jeff Huther discusses recent dynamics with the Secured Overnight ...
SOFR, so good? The outlook for the ‘world’s most important number’
How monetary policy has pushed the Secured Overnight Financing Rate toward the top of the Fed’s target range.
Banks wrap up Libor loose ends
After years of preparation, banks saw a smooth transition to SOFR and other alternative rates.
CFPB issues interim final rule for Libor transition
CFPB: The updated rule will “facilitate the orderly transition of those consumer loans that currently use the Libor index to ...
ARRC approves best practices document for Term SOFR use
The Alternative Reference Rates Committee has approved a document containing best practice recommendations for using the CME Group’s Term SOFR ...
ARRC issues statement on recommended fallbacks for hardwired fallback language
The Alternative Reference Rates Committee today released a paper formally stating its selections and recommendations as the “relevant governmental body” ...
Libor transition communications solution launched
The Depository Trust and Clearing Corporation this week announced the launch of the Libor Benchmark Replacement Index solution to support ...
Fannie, Freddie announce Libor transition plans
Fannie Mae and Freddie Mac today announced plans to transition legacy Libor loans and securities to the Secured Overnight Financing ...
Fed adopts final rule implementing Libor Act
The Federal Reserve today adopted a final rule that implements the Adjustable Interest Rate Act by identifying benchmark rates based ...
