United States: Financial Stability Oversight Council Pushes For SOFR - Cadwalader, Wickersham & Taft LLP

Mondaq

25 Jun 2021 0 shares 1 views

United States: Financial Stability Oversight Council Pushes For SOFR - Cadwalader, Wickersham & Taft LLP

Mondaq

Published 25 Jun 2021

At a Financial Stability Oversight Council meeting, Federal Reserve Board ("FRB") Vice Chair for Supervision Randal K. Quarles warned banks that the use of USD LIBOR quotes available after December 2021 is appropriate only for legacy contracts.

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United States: Financial Stability Oversight Council Pushes For SOFR - Cadwalader, Wickersham & Taft LLP

United States: Financial Stability Oversight Council Pushes For SOFR - Cadwalader, Wickersham & Taft LLP

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