Innovation and Choice in the Post-Libor Landscape
The impending demise of Libor is not a liability—it’s an opportunity.
Tag: Reference rates
McHenry Presses Fed for a Briefing on Libor Transition
House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles last ...
FSB: Banks Need to Move Now on Post-Libor Plans
Financial firms that have not started their work to transition from the London Interbank Offered Rate and making fallback plans ...
Fintech, Stablecoins, Cross-Border Payments on FSB’s 2020 Agenda
Next year, the FSB expects to tackle fintech developments worldwide, including the growing role of big tech firms in finance; ...
Amid Strong Conditions, OFR Flags Cyber Threats, Corporate Debt
The Treasury’s Office of Financial Research flagged corporate credit, market, macroeconomic and cyber risk as elevated concerns in its annual ...
Trade Groups Support Proposed Changes to Swap Margin Rules
The American Bankers Association joined several industry groups in a comment letter to the financial regulatory agencies this week supporting ...
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 ...
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 ...
