Sector Regulation Sector Regulation

Comment: US Senate Libor-transition bill wins across-the-board backing by Wall Street, regulators

By Neil Roland and Laina S. Miller
  • 03 Mar 2022 21:30
  • 03 Mar 2022 21:30
Democratic and Republican senators who rarely see eye-to-eye are backing Libor-transition legislation endorsed by Wall Street and US regulators that seeks to give legal clarity to existing financial contracts that lack adequate fallback language and can’t easily be changed.

Federal Reserve chief Jerome Powell also lent his imprimatur today at a Senate Banking

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