N.Y. Fed’s Williams: Repo Market Turmoil No Reason to Delay Libor Switch
Recent money market conditions that have seen the Federal Reserve resume regular repo operations for the first time in years ...
Tag: Reference rates
IRS Proposed Rule Would Help Ease Transition Away from Libor
The IRS today proposed regulations intended to help market participants transition from the London Interbank Offered Rate to an alternative ...
Survey Finds Cost of Funds Top of Mind for Community Bankers
Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released ...
FHFA Directs FHLBs to End Dependence on Libor
With the future of the London Interbank Offered Rate uncertain beyond 2021, the Federal Housing Finance Agency today directed the ...
N.Y. Fed Chief: Don’t Wait for Term SOFR to Begin Rate Transition
Market participants should not wait for term versions of the Secured Overnight Financing Rate to begin adopting it in contracts, ...
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 ...
FASB Proposes Guidance to Ease Libor Transition
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
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
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
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell said he and his colleagues “don’t expect ...
