SOFR – NASCUS

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Jan. 1 signals big changes with RBC, CCULR, LIBOR

(Dec. 23, 2021) When credit unions open their doors for business on Jan. 3, a revised regulatory landscape will stretch before them with three regulatory changes that took effect Jan....

Bill aims to reduce risk of reference rate transition

(Dec. 10, 2021) Minimizing the risk of disruptive litigation and adverse economic impacts associated with the transition away from the LIBOR reference rate is the aim of legislation passed by...

‘Time to move’ from LIBOR, group recommends

(Oct. 15, 2021) It’s “time to move” from LIBOR now by slowing the use of the reference rate by year’s end to foster a smooth completion of the rate’s overall...

Regulators note concern over LIBOR transition

(Aug. 27, 2021) Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing...

BRIEFLY: ‘Every tool’ now available to transition from LIBOR; Agencies expand paid tax leave credit for vaccinations

(July 30, 2021) Market participants now “have every tool they need to transition from LIBOR,” the vice chair of the Federal Reserve said this week, as a Fed-backed group developing...

Momentum growing for abandonment of LIBOR

The forward motion to officially sideline LIBOR (London Interbank Offering Rate) as a reference rate for such financial products as adjustable mortgages and others continued this week with two top...