Statement No. 330: LIBOR Reform Download PDF The recent settlement by the U.K’s Barclays bank over its manipulation of its LIBOR (London Inter-Bank Offered Rate) submissions to the British Bankers ...
The Financial Conduct Authority (FCA) is just one regulator that has directed firms to move away from the use of benchmarks such as the London interbank offered rate (Libor) in favour of alternative ...
Following the suspension of the HECM Standard fixed rate product, the industry is expecting to see more adjustable rate reverse mortgages, but the way interest rates are calculated is on the ...
Federal Reserve Chairman Ben Bernanke cast doubt Tuesday that a critical financial rate used by banks to set interest rates for loans is reliable. Bernanke called the Libor system "structurally flawed ...
Today’s HousingWire Daily interview features a crossover episode from HousingWire’s Housing News podcast. In this episode, Michael Bright, CEO of Structured Finance Association, discusses findings in ...
LONDON (Reuters) - Libor, the interest rate at the center of an international rate-rigging investigation, must not be scrapped hastily and any shift to alternatives should be gradual to avoid market ...
Time is running out for market participants to prepare for when Libor ceases to be published by the end of 2021—a reality still on track despite the far-reaching disruptions caused by the Covid-19 ...
The acceleration of the LIBOR transition ahead of its partial phase-out at the end of 2021 sparked huge demand for tools to help firms transition smoothly. Ever since the announcement in 2017 that ...