Sector Regulation Sector Regulation

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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