News & Insights

15 Results
December 16, 2021

As part of the final phase of the SOFR First Initiative, the CFTC Market Risk Advisory Committee recommended that market participants (i) “transact in SOFR exchange-traded derivatives as soon as possible” and (ii) adopt the best practice of replacing LIBOR with SOFR for new contracts after year-end 2021.

July 13, 2021

The CFTC Market Risk Advisory Committee adopted the "Secured Overnight Financing Rate First" recommendation developed by MRAC's Interest Rate Benchmark Reform Subcommittee.