Libor Replacement Race Heats Up
Julia-Ambra Verlaine, 13 May 2021
New contenders are emerging in the race to get rid of the London interbank offered rate by year-end.
Bank of America Corp. and JPMorgan Chase & Co. traded the first complex derivative using a Bloomberg index crafted to replace Libor, exchanging $250 million worth of an interest-rate swap earlier this month. The Bloomberg Short Term Bank Yield Index competes with the alternative preferred by regulators including the Federal Reserve Bank of New York. Continue reading “Article: Libor Replacement Race Heats Up”
