On Tuesday, October 16th, the Financial Stability Oversight Council (FSOC) publicly discussed a number of market and regulatory issues. Top of the agenda (literally) was LIBOR. Federal Reserve Vice Chairman Randal Quarles provided an update on LIBOR (it’s shrinking), SOFR (it’s growing; note the latest JPM billion SOFR FRN) and fallback language (it should be adopted).
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.