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On SOFR & Risk Sensitive Rates

In the past week, there have been several missives from regulators to banks, which seem to boil down to, “Get going on LIBOR transition, but…

CECL and Desist

The Federal Reserve, in a joint statement made on March 27th with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency,…

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The End of the ARRC

The End of the ARRC! If the quasi-public sector body has wound itself down, that’s a good sign that we’re done with LIBOR transition.