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.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
