How regional banks could shape US Libor replacement

Regulators convene a working group to address credit sensitivity concerns

US flag

A group of regional banks could have a big influence on benchmark rate reform in the US. In a letter to US regulators, the banks expressed concerns about the lack of credit sensitivity in the replacement benchmark of choice, the US secured overnight financing rate (SOFR). In response, regulators launched the Credit Sensitivity Group – to little fanfare – in February this year.

Leading representatives from the US Federal Reserve Board, the Office of the Comptroller of the Currency and the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here