Browsing: Reference rates

Compliance and Risk

In a Bloomberg op-ed on Friday, Tom Wipf—chairman of the Federal Reserve’s Alternative Reference Rates Committee and vice chairman of international securities at Morgan Stanley—pushed back against several common misconceptions about the Secured Overnight Financing Rate, the ARRC’s preferred replacement for the London Interbank Offered Rate.

Mortgage

With the future of the London Interbank Offered Rate uncertain beyond 2021, the Federal Housing Finance Agency today directed the Federal Home Loan Banks to begin planning to phase out Libor-based transactions. 

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