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Its days are numbered, but there’s one part of financial markets still stuck on the scandal-ridden benchmark
At least $700bn of junk loans are still priced using lending benchmark, just 30 days before the rate is set to expire
Meet the new boss, surprisingly different from the old boss
Decision allows some derivatives extra 15 months to transition from tarnished benchmark
Borrowers and lenders in $1.4tn leveraged loan market scrap over fine print of replacing scandal-hit benchmark
Not flying, falling without style
Deal exposes challenge of outlawing tainted interest rate benchmark from all corners of the market
Banks step up efforts to prepare for end of scandal-tainted benchmark
New contract wording will help institutions avoid risk in the transition period
Risks of not shifting soon enough to new Sofr market benchmark are rising
Several deals have been struck using the Sofr rate in a sign benchmark reform is progressing
Sofr-linked futures and swaps gather volume despite lenders’ hesitation over new benchmark
Loans to fund buyout of chicken producer Sanderson Farms will be pegged to new Sofr benchmark
Decision to back term Sofr comes as hunt for alternative to scandal-hit rate reaches ‘home stretch’
The cash markets are finally about to get what they’ve long been asking for — an officially endorsed dollar term rate to replace Libor
Top officials, including the Bank of England governor, are pushing firms here to adopt a specific benchmark for dollar borrowing.
Companies are still not prepared enough for switch from borrowing benchmark
Several alternatives are vying to replace the doomed benchmark. And it’s complicating the transition.
Bankers worried about the risks of the replacement for global borrowing benchmark
Congress must act on the only viable solution as benchmark is phased out
Regulators and Wall Street unite to demand action from Congress to speed transition from rate benchmark
UK regulators want to smooth shift to alternative benchmarks
Benchmark underpinning $200tn in contracts will be published as late as 2023 under new plan
Reform of lending rate embedded in everything from mortgages to derivatives poses huge challenges
Central bank makes it tougher to borrow against the tainted benchmark
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