IOSCO Stands By SOFR-Based Benchmarks
Echoing recent U.S. official comments, IOSCO today formally stated concerns that some credit-sensitive LIBOR alternative benchmarks pose problems akin to those that forced LIBOR abandonment.
Frustrated Basel Head Blasts Banks
Heightening criticism of Basel III’s slow implementation, Outgoing Basel Committee Secretary General Carolyn Rogers today took sharp aim at banks which she held responsible at both the national and international level.
OCC Sounds Official Death Toll for Trump CRA Reg
As Karen Petrou’s Monday memo forecast, FHFA is doubling down on an already-ambitious work plan to make Fannie and Freddie the epitome of mortgage-finance equity.