US regional, community banks should be transitioning from Libor more quickly, NY Fed chief says

26 November 2019 10:20pm
More US regional and community banks should be transitioning from the Libor benchmark to market-based rates, said John Williams, president of the US Federal Reserve Bank of New York.

“This is going to be a big priority for us,” he said at an industry conference* last week. “We are now entering the stage where we really want to see more of the regional and community banks get involved in this.”