Reference Rate Reform: Impact on the Economy and Consumers

The London Interbank Offered Rate (LIBOR) underpins trillions of dollars in mortgages, bonds, loans, and financial instruments that directly impact Main Street and other critical parts of the American economy. But LIBOR’s viability has been in doubt ever since the financial crisis, in large part due to its susceptibility to manipulation. A public-private sector working group has launched the Secured Overnight Financing Rate (SOFR) to serve as a more robust and reliable alternative to LIBOR.

Join the Bipartisan Policy Center and the International Swaps and Derivatives Association for a look at the transition from LIBOR to SOFR and what it means for companies and consumers. The event features a keynote conversation with Securities and Exchange Commission Chairman Jay Clayton about reference rates and other issues, such as capital formation, harmonizing regulation, and the proxy voting process.

To watch the event, please click here.

Cross-product Netting Under US Capital Rules

ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) have developed a discussion paper to: (i) provide an overview of cross-margining programs developed by clearing organizations and their importance in the context of implementing recent market reforms with...

ISDA/IIB/SIFMA request to extend 22-14

This joint ISDA/IIB/SIFMA letter requests reporting relief for certain non-US swap dealers in Australia, Canada, the European Union, Japan, Switzerland or the United Kingdom with respect to their swaps with non-US persons.  The joint trade association letter, submitted to CFTC...