Financial Stability

UK regulators urge liquidity providers to switch to SOFR from July 26

By Justin Pugsley
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Liquidity providers are being encouraged by the Bank of England and the Financial Conduct Authority (FCA) to switch from the London interbank offered rates (Libor) to the Secured Overnight Financing Rate (SOFR) for dollar interest rate swaps from July 26. 

The two said in a joint statement on June 16 ...

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