Financial Services Financial Services

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

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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