SOFR

CFPB proposes rule to facilitate Libor transition for creditors

06/04/20

The Consumer Financial Protection Bureau seeks to address challenged posed by the sunset of the London interbank offered rate at the end of 2021.

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The case for industrywide use of SOFR

05/11/20

The group that worked with the Fed to devise an alternative rate to Libor rejects criticism that the index favors megabanks.

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Libor goes from dying to in demand with Fed pushing fast loans

05/06/20

Regulators on both sides of the Atlantic have spent the better part of three years trying to kill the London interbank offered rate. Now, they're looking to it once again to underpin hundreds of billions of dollars in loans as they seek to rescue their economies.

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Small banks tell Fed its Libor replacement doesn't work for them

02/27/20

Officials from 10 midsize American banks said U.S. regulators' preferred index for replacing the maligned Libor benchmark is ill-suited for them.

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Credit Suisse CEO leaves; Fannie, Freddie to buy SOFR mortgages

02/07/20

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

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ECB opens to large bank mergers; Deutsche Bank has a new scandal

01/27/20

The move by the European bank regulator is a policy shift as profitability at the region's banks continues to suffer from negative rates; the German bank paid $1.1 million to win business from a senior Saudi royal.

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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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