A new financial reference rate, published in 30-, 90- and 180-day averages, will be made public beginning March 2 as the “Secured Overnight Financing Rate” (SOFR), in a key step for replacing the London Interbank Offered […]
Temporary, optional accounting guidance to ease the potential burden in accounting for or recognizing the effects of reform of reference rates for interbank short-term loans was released Wednesday by the accounting industry’s standards group. The […]
Three daily compounded averages of a new reference rate – with tenors of 30-, 90-, and 180-calendar days – would be published beginning in the first half of next year as a way of supporting […]
The impact of the transition from one commonly used index for setting interest rates on adjustable-rate consumer loan and other products – primarily residential mortgages – to another, new index is addressed in a “what […]
Financial Research Advisory Committee meeting Federal Reserve Bank of New York Benjamin Strong Room 33 Liberty Street, New York Agenda: Leveraged lending and transitioning from the London Interbank Offered Rate (LIBOR) to the new Secured […]
Warnings about the growing instability of an international benchmark interest rate for short-term, interbank loans should be taken seriously, the Federal Reserve’s top supervisor said Monday, leading to at least one conclusion: stop using it. […]
Transitions in financial instrument reference rates – such as from the widely used London Inter-bank Offered Rate (LIBOR) to other and newly developed reference rates – are outlined in the latest edition of Supervisory Insights published […]
The transition to risk-free rates from past benchmarks needs to accelerate, and the private sector is best situated to do so, the Federal Reserve’s top supervisor said Wednesday. Noting that the transition from the London […]
The future of and alternatives to the London Inter-bank Offered Rate (LIBOR) is examined in an article published in the Federal Deposit Insurance Corp.’s (FDIC) Winter 2018 issue of Supervisory Insights, released Wednesday. LIBOR is […]
Monitoring levels of nonfinancial business leverage, and completion of the transition to a new, alternative reference rate, were among four recommendations made by the top-level council of financial regulators in its annual report, issued Wednesday. […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info