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Home / News / Sector Regulation / US banks to meet with regulators to discuss new Libor alternatives, OCC chief says
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US banks to meet with regulators to discuss new Libor alternatives, OCC chief says

By Neil Roland
  • 22 Jan 2020 12:02
  • 22 Jan 2020 12:11
Banks will be invited soon to meet with federal banking regulators to suggest alternatives they might prefer to the officially designated substitute for the Libor benchmark, US Comptroller of the Currency Joseph Otting said today.

Investment managers have expressed misgivings about the market-based Secured Overnight Financing Rate, the alternative selected by

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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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