Reference Rate Reform: Impact on the Economy and Consumers

The London Interbank Offered Rate (LIBOR) underpins trillions of dollars in mortgages, bonds, loans, and financial instruments that directly impact Main Street and other critical parts of the American economy. But LIBOR’s viability has been in doubt ever since the financial crisis, in large part due to its susceptibility to manipulation. A public-private sector working group has launched the Secured Overnight Financing Rate (SOFR) to serve as a more robust and reliable alternative to LIBOR.

Join the Bipartisan Policy Center and the International Swaps and Derivatives Association for a look at the transition from LIBOR to SOFR and what it means for companies and consumers. The event features a keynote conversation with Securities and Exchange Commission Chairman Jay Clayton about reference rates and other issues, such as capital formation, harmonizing regulation, and the proxy voting process.

To watch the event, please click here.

Response to FCA on Post-trade Transparency

On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30.  While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope...

Efficiency is Vital to Delivering Resilience

With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...