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Read the latest articles and press releases about securitization and structured finance.

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SFA News

SFA submits spread adjustment consultation to the ARRC

On Wednesday. March 25, SFA submitted a response to the Alternative Reference Rates Committee (ARRC) regarding their consultation on spread adjustment methodologies for fallbacks in cash products referencing Libor.

Industry News

Bank of England and FCA: LIBOR transition may be impacted by coronavirus

The Bank of England and the Financial Conduct Authority (FCA) have alerted the industry that the timeline for slated milestones supporting a smooth transitioning away from LIBOR could be impacted by the financial fallout from the coronavirus pandemic.

Industry News

Rate volatility raises questions about benchmarks

As the economic concerns surrounding COVID-19 cause a "cash crunch" for U.S. dollars and cause spikes in interest rate benchmarks, the finance industry has begun to question whether Libor and its upcoming successor, SOFR, are appropriate measures for lending markets.

Industry News

Coronavirus calls Libor transition plans into question

As the coronavirus continues to negatively impact the financial markets, the planned 2021 transition away from Libor may need to be extended, according to officials in charge.

Industry News

FASB provides optional relief to companies undergoing the Libor transition

On Thursday, March 12, the Financial Accounting Standards Board (FASB) added optional relief for companies going through the Libor transition.

Industry News

ARRC Releases Libor Legislative Relief Proposal

Last Friday, March 6, the Alternative Reference Rates Committee (ARRC) released a legislative proposal that aims to address the absence of clear fallback language in existing Libor-based contracts.

Industry News

As Fed transitions from Libor to SOFR, swaptions offer alternative

In the wake of the Fed’s statement introducing SOFR, several US dollar swaptions referencing the federal funds rate have been traded.

Industry News

New York Fed begins publishing SOFR averages and index

On Monday, March 2, the New York Fed and the Office of Financial Research began publishing the ARRC recommended 30-, 90-, and 180-day SOFR averages and a SOFR Index in order to support a successful transition away from Libor.

SFA News

Libor Transition Takes Center Stage at Capitol Hill Staff Briefing

On Wednesday, February 19, Structured Finance Association President Kristi Leo joined a market participant panel for Congressional financial services staff that focused on the challenges associated with Libor transition.

Industry News

Federal Reserve Open to More Than One Libor Alternative

At a recent Senate Banking Committee Hearing, Federal Reserve Chairman Jerome Powell told Senators that the Federal Reserve would be open to the idea of exploring a separate alternative reference rate that would be credit sensitive as the financial services industry prepares to transition away from Libor in 2021.