The Federal Reserve Board ("FRB") began publishing the Secured Overnight Financing Rate ("SOFR") in April. This rate was developed to be a more reliable benchmark than LIBOR, which lost credibility a few years ago when it was...more
5/4/2018
/ Banking Sector ,
Banks ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Interest Rates ,
Investors ,
Libor ,
Loans ,
Market Manipulation ,
Repurchases ,
Secured Overnight Funding Rate (SOFR) ,
U.S. Treasury