SOFR

‘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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OCC takes a shot at Wells; Warren targets bank mergers

12/05/19

The regulator says the bank needs to address employee complaints and pay controls; the presidential hopeful would make it more difficult for banks to combine.

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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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SOFR-linked deals plummet; 1MDB scandal mastermind settles with DOJ

10/31/19

Issuance of securities backed by the ostensible Libor replacement hit by money market turmoil; Jho Low will surrender luxury assets.

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Is the end of Libor a threat to financial stability?

10/27/19

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.

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Regional banks sound alarm over new interest rate benchmark

10/16/19

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.

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