LIBOR: First They Blinked and Now Some Hope, But a New Problem and It's Big | Dechert LLP
To embed, copy and paste the code into your website or blog: First, the ARRC, playing Charlton Heston, playing Moses, brings down from on high the ten commandments of SOFR and lo, we were sore afraid and with veneration, professed we had no God but SOFR. A solution of sorts to a somewhat self-inflicted problem. As we have observed before, we continue to think the solution to the problem of bankers diddling LIBOR is to punish bankers and shore up the system to make it more robust and not to ...
Source: jdsupra.com