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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
Banks have until September to stop issuing cash products linked to sterling benchmark
Banker overseeing switch to Sofr says change is coming despite rate volatility
Europe’s €STR rate part of global drive to achieve more reliable pricing in capital markets
Move aims to reduce reliance on informal prices from a range of data providers
Impending death of the benchmark poses complex problems
Transition from tainted benchmark represents big conduct risk for lenders
First for loan market marks step forward in move away from Libor
Shift comes as regulators urge banks and investors to replace discredited benchmark
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