Financial Stability

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

By Justin Pugsley
BRR fallback image

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 ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Exclusive, Markets
May 30, 2024

UK banks look beyond T+1 horizon to a T+0 future

Four banks set to join Lloyds, Santander and UBS in real-time payments pilot 
Read more