ARRC: No Guarantee on Forward-Looking SOFR Term Rate in 2021
The Alternative Reference Rates Committee today said it “will not be in a position” to recommend a forward-looking term rate ...
Tag: SOFR
ARRC Chairman: Urgent Action Needed on Libor Transition
n a Bloomberg op-ed today, Tom Wipf, chairman of the Alternative Reference Rates Committee, emphasized the need for public and ...
Podcast: One Year Left in the Libor Endgame
The administrator of the London Interbank Offered Rate has made what was expected official: the widely used benchmark will cease ...
FSB: Continued Engagement Needed on Libor Transition
With the COVID-19 pandemic highlighting the “fundamental weakness” in the London Interbank Offered Rate, financial and nonfinancial firms must accelerate ...
Agencies Reiterate That Banks May Use ‘Appropriate’ Non-SOFR Libor Alternatives
The federal banking agencies today issued a statement reiterating that they are not endorsing a specific replacement rate for the ...
Agencies: No Plans to Recommend Credit-Sensitive Element to SOFR
The U.S. financial agencies do not plan to recommend a credit-sensitive element to the Secured Overnight Financing Rate or a ...
New York Fed’s Held: ‘Libor Countdown Has Not Stopped’
Despite the pandemic, financial institutions should not expect a delay in the Dec. 31, 2021, date when publication of the ...
ARRC Updates Libor Fallback Language for Business Loans
The Alternative Reference Rates Committee today released updated recommended fallback language for newly originated bilateral business loans that reference the ...
ARRC Releases SOFR ‘Starter Kit’
As part of its ongoing work to facilitate the transition by financial market participants away from the London Interbank Offered ...
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 ...
