Navigating Reference Rate Reform
With Libor’s days numbered, companies should start transitioning immediately to lessen the impact of adopting new reference rates.
Libor’s Phase-Out: 3 Ways to Prepare
Derivatives and hedge accounting, intercompany loans, valuation models — all will be affected by the shift away from Libor.
Manipulate Cash Flow to Boost Credit Ratings?
The role of credit-rating agencies in determining interest costs on bank loans leaves much to be desired, a study finds.
Risks Mount for Banks and Non-Banks Alike
Tight spreads and growing liquidity risks promise to present financial firms with steep challenges in the coming months.
New York Fed Launches Alternative to Libor
The new SOFR interbank lending rate is "going to be based on a very, very robust set of transactions" and could eventually replace Labor.
Libor Rise Tightens Conditions for Borrowers
Is the rise in the benchmark “technical in nature, in which case short-term rates will eventually normalize, or a harbinger of another banking catastrophe"?
How to Boost the Value of Deferred-Comp Plans
A "total return swap" isn't a common way to hedge the volatility of non-qualified deferred compensation (NQDC) plans, but it's the most effective method.
The End of the Dollar’s Super-Cycle
We live in an age of asset bubbles, but they don't continue indefinitely, as will prove true for the strong U.S. dollar.
Key Libor Rate Tops 1% for First Time in 7 Years
The benchmark rate for $350 trillion worth of financial products worldwide has risen nearly 0.40 percentage point over the past year.
Citibank Fined $425M in Rate-Rigging Cases
U.S. regulators allege Citi manipulated key swaps and interest rate benchmark to benefits its own trading positions.
Ex-Rabobank Traders Get Jail for Libor Rigging
"You can't go around ... helping rig one of the most important markets in the world and not pay the price," a judge says.