SOFR alternatives remain on track despite regulatory warnings

Pointed criticism from FSOC has done little to dampen interest in credit-sensitive rates

credit-sensitive-rates-get-regulatory-pushback montage

Banks and index providers still plan to offer a menu of Libor replacements for use in loans and derivatives contracts despite recent regulatory criticism of credit-sensitive alternatives to the secured overnight financing rate, or SOFR.

Senior US supervisors railed against the use of credit-sensitive benchmarks in derivatives contracts at a June 11 meeting of the Financial Stability Oversight Council. Securities and Exchange Commission chair Gary Gensler was especially scathing about Bloomberg

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: