One month into the new year, we check-in to see how initial progress is shaping up in the US post-LIBOR cessation period, and gauge how the US markets are likely to continue to react as the year unfolds…

SOFR was first resisted by corporate treasurers and financial institutions, in part because it did not reflect credit risk in the same manner that LIBOR does. The Alternative Reference Rates Committee (ARRC), a body of banks, insurers, and asset managers created by the New York Federal Reserve, endorsed the benchmark’s forward-looking term structure on July 29, brightening the outlook for SOFR implementation. Since then, the switch has gained traction.

Download the full insight to discover the necessary next steps firms should be taking seriously in order to be making post- transitional moves, quickly.

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