June 30 th has passed and one-, three- and six-month USD LIBOR settings have ceased to be published. As confirmed by the FCA on 3 April 2023, the ICE Benchmark Administration (IBA) has begun ...
In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the ...
From here on out, your consumer or business loan rate will be set by a new standard. Replacing Libor, the obsolete benchmark for loan rates, is SOFR, the Secured Overnight Financing Rate. Its full-on ...
LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
It seems there is no shortage of financial scandals to write about these days. By now you have no doubt heard about the latest financial scandal involving LIBOR, the London InterBank Offering Rate.
The London Interbank Offered Rate (Libor) scandal, which originated with the news last month that a few traders within the British banking giant Barclays were trying to manipulate a global benchmark ...
The secured overnight financing rate (SOFR) is an important benchmark rate that reflects the average interest rate banks pay to take out secured loans in U.S. dollars overnight. The loans are secured ...
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