Regulators Tell Banks It Is Time to Stop Using Libor

A CFTC subcommittee told brokers they should switch from Libor to a new rate, SOFR, by late July. But not everyone thinks SOFR is the answer.

Regulators Tell Banks It Is Time to Stop Using Libor
A CFTC subcommittee told brokers they should switch from Libor to a new rate, SOFR, by late July. But not everyone thinks SOFR is the answer.