Is the end of Libor a threat to financial stability?


Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.


Regional banks sound alarm over new interest rate benchmark


Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.


Next step in Libra battle; bank stock rally fizzles


Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season.


Red flags worrying lawmakers 11 years after financial crisis


Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.


Experimenting with digital currencies; Questioning SOFR


Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.


Fed’s hard sell on SOFR; Consumers dialed in on phone banking


A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.


Mnuchin adds to anti-Libra chorus; Fed’s Williams touts SOFR


The Treasury Secretary says Facebook’s cryptocurrency plan creates national security issues; the New York Fed chief tells financial firms to stop dragging their feet and move on from Libor.


Trump warns on Libra; Lenders retreat on farm loans


President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015


Fed working group proposes SOFR-based mortgage by 2021


The Alternative Reference Rates Committee promotes the adoption of a new Secured Overnight Financing Rate index rate to replace Libor in pricing hybrid adjustable-rate mortgages within the next two years. The change would be the first application of SOFR to a consumer-loan product.


Banks seen breezing through stress tests; Deutsche under investigation


Banks shouldn’t have trouble this year, but the rules may change next year; U.S. authorities are probing possible AML compliance violations at the German bank.