A report issued last week by the Federal Reserve’s Alternative Rates Reference Committee (ARRC) shows the urgency and challenges of moving off of LIBOR as a reference rate for OTC derivatives contracts. It also affirms the need of major banks to find a solution since both LIBOR and Fed Funds are not only broken, but LIBOR is already changing and Fed Funds has been declared defunct already by the Fed. Here’s what’s going on.
This content requires registration. Get access today by signing up here.
Previous Post
LCH Spider goes live for portfolio margining in rates
Next Post
Eris Exchange gets investment from CBOE
You do not have permission to view the comments.