Sector Regulation Sector Regulation

Large US bank CEOs must rally their firms to break from Libor use, Fed’s Quarles says

By Neil Roland
  • 16 Oct 2020 14:43
  • 16 Oct 2020 15:04
The chief executives of big US banks, asset managers and corporations must focus their firms on switching from Libor if the transition from the tarnished benchmark is to be completed by the official end-of-2021 deadline, said Randal Quarles, the Federal Reserve’s vice chairman for supervision.
Many large firms that participate

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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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