Iosco criticism dents AFX’s plans for Ameribor derivatives
SOFR alternative continues to be widely used to price regional bank loans
A regulatory crackdown on credit-sensitive Libor replacements has side-tracked ambitious plans by the new owners of the American Financial Exchange (AFX) to expand the use of Ameribor in over-the-counter derivatives, but the bourse’s chief executive says the benchmark can survive as a lending rate for regional banks even without a rubber stamp from supervisors.
Ameribor – a measure of US regional
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