Libor

Fed’s Powell open to more than one Libor alternative

02/12/20

Federal Reserve Chairman Jerome Powell told senators that the central bank is willing to explore a credit-sensitive interest benchmark in addition to the secured overnight financing rate, which some banks say could cause problems during economic stress.

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Morgan Stanley’s profit; China deal raises optimism for U.S. banks

01/16/20

Morgan Stanley’s profits rose 46%; the deal pressures China to open its financial services sector to U.S. firms.

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Is a good year a bad sign for banks?; Checking for post-Libor plans

01/06/20

Some analysts warn the loosening of bank regulations may be hiding risks; watchdogs are demanding proof that financial institutions are ready for 2021.

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Why the C&I slowdown is likely to persist in 2020

12/31/19

Political uncertainty, sector-specific concerns as well as interest rate and labor trends may continue to depress commercial and industrial lending in the coming months.

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‘It’s game time’: Libor transition to pick up steam in new year

12/29/19

Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.

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Why this bank is ditching Libor now

12/27/19

Lenders have until the end of 2021 to phase out their use of the London Interbank Offered Rate in setting interest rates, but ServisFirst Bancshares and its CEO Tom Broughton see little reason to wait when a replacement is already available.

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JPM wins a place in China; banks again warned about replacing Libor

12/19/19

The bank is the first U.S. one approved for a majority-owned securities unit in China; the FSB said banks must get serious about replacing the benchmark.

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OCC flags risks from banks' tech overhaul, Libor transition

12/09/19

The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.

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Congress may need to step in on Libor switch, Mnuchin warns

12/05/19

The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.

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What ongoing repo turmoil means for banks

12/03/19

Federal Reserve officials said they contained fallout from the rate spike in the repurchase agreement market, but the episode poses longer-term repercussions for liquidity rules, the transition to a new interest rate benchmark and other issues.

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