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 ...

The FHFA will facilitate the transition away from LIBOR to the Secured Overnight Financing Rate (SOFR). Since 2017, the Financial Conduct Authority (FCA) has been warning market participants that it ...

With the lights almost out on the scandal-plagued Libor interest rate, a successor touted by regulators has quickly become the leading benchmark for business loans, outdueling two alternatives that ...

This analysis is by Bloomberg Intelligence Rates Strategist Ira F. Jersey and Bloomberg Intelligence Senior Associate Analyst Angelo Manolatos. It appeared first on the Bloomberg Terminal. The ...

The Alternative Reference Rates Committee (ARRC), an organization co-convened by the Federal Reserve Bank of New York to find a new rate index after weaknesses in the London Interbank Offered Rate ...

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 ...

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance and expand ...

Discover the history, functionality, and transition of Euro LIBOR, the euro-denominated interbank rate, and its replacement in European financial markets.

For the last 35 years, banks have made floating rate loans based on an interest rate index called the London Interbank Offered Rate (LIBOR), which was determined using interest rate quotes from a ...

Discover how MIFOR, the Mumbai Interbank Forward Offer Rate, influenced Indian banking with forward agreements and ...