U.S. regional banks, already under pressure from recent rate hikes, are watching the cost of hedging their loan books increase significantly. As LIBOR’s cessation date of June 30 approaches, and more regional banks move their...
Read MoreOn April 21, the Alternative Reference Rates Committee (ARRC) released an update of its best practice recommendations on the scope of use of Term SOFR. The latest publication provides market participants with additional guidance for...
Read MoreOn April 3, the Financial Conduct Authority (FCA) announced that synthetic versions of the 1-month, 3-month and 6-month U.S. dollar LIBOR rates would continue to be published until September 2024, extending the original June 30,...
Read MoreOn March 13, the Depository Trust & Clearing Corporation (DTCC) announced its centralized solution, the LIBOR Benchmark Index, has been added to its Legal Notice System (LENS) to aid the transition from LIBOR benchmark rates...
Read MoreStructured Finance Association Supports the Fed LIBOR Proposal with Some Remaining Clarifications Needed WASHINGTON, August 30, 2022 – The Structured Finance Association (SFA) submitted a letter to the Board of Governors of the Federal Reserve...
Read MoreARRC Releases Survey Seeking Information from Lenders and Borrowers on Remediation of USD LIBOR Loans On August 9, the Alternative Reference Rates Committee (ARRC) released a survey seeking information from lenders and borrowers on plans to...
Read MoreSFA Releases Market Consensus Industry Guide on a Benchmark for Quoting and Pricing Fixed Rate ABS SFA, in collaboration with its members and market participants, released a Consensus-Built Industry Guide as the market transitions away from the use...
Read MoreBenchmark for Quoting and Pricing Fixed Rate Structured Finance Bonds – Market Consensus Reached; Industry Guide Released The Structured Finance Association, in collaboration with our members and market participants, is releasing our Consensus-Built Industry Guide as the market...
Read MoreSFA’s survey of market investors, issuers and broker-dealers found that investors, traders and syndicate desks overwhelmingly prefer to use the I-curve to price and quote bonds across all structured finance asset classes. On the other hand, the...
Read MoreOn March 15, President Joe Biden signed the Consolidated Appropriations Act, 2022 – also known as the “omnibus” government funding bill – into law. The bill included the Adjustable Interest Rate (LIBOR) Act, a bipartisan bill that...
Read MoreStructured Finance Association Applauds Inclusion of LIBOR Language in ‘Omnibus’ Government Funding Bill The Structured Finance Association (SFA) applauded inclusion of language in the Consolidated Appropriations Act, 2022 – also known as the “omnibus” government...
Read MoreThursday evening, the Senate passed the Consolidated Appropriations Act, 2022 – also known as the “omnibus" government funding bill. The omnibus included the bipartisan Senate LIBOR bill, the Economic Continuity and Stability Act, which was...
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