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.”
US regional, community banks should be transitioning from Libor more quickly, NY Fed chief says
26 November 2019 10:20pm