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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.