U.S. regulators are wagering a major shakeup of the multi-trillion–dollar interest-rate swaps market is just what's needed to wean Wall Street off the London interbank offered rate (LIBOR) for good.
In a key development in the shift from the discredited benchmark, beginning Monday, swaps desks will switch from LIBOR to the Secured Overnight Financing Rate (SOFR) when entering into most interdealer trades, effectively changing how they hedge their interest-rate risk.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
