With Libor’s days numbered, companies should start transitioning immediately to lessen the impact of adopting new reference rates.
Derivatives and hedge accounting, intercompany loans, valuation models — all will be affected by the shift away from Libor.
The role of credit-rating agencies in determining interest costs on bank loans leaves much to be desired, a study finds.
Tight spreads and growing liquidity risks promise to present financial firms with steep challenges in the coming months.
The new SOFR interbank lending rate is "going to be based on a very, very robust set of transactions" and could eventually replace Labor.
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"?
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.
We live in an age of asset bubbles, but they don't continue indefinitely, as will prove true for the strong U.S. dollar.
The benchmark rate for $350 trillion worth of financial products worldwide has risen nearly 0.40 percentage point over the past year.
U.S. regulators allege Citi manipulated key swaps and interest rate benchmark to benefits its own trading positions.
"You can't go around ... helping rig one of the most important markets in the world and not pay the price," a judge says.
After a three-week trial, a Manhattan jury found the pair guilty of multiple counts of conspiracy and wire fraud.
