SEC Chair’s LIBOR Comments Touch on BSBY
By EsqSocial Corporation 21/06/21
Gary Gensler, Chair of the SEC, delivered prepared comments to the Financial Stability Oversight Council on June 11, in the main reiterating that the SOFR index is based on a large number of observable transactions but also criticizing the Bloomberg Short-Term Bank Yield Index (BSBY) as a LIBOR alternative....
By: Cadwalader, Wickersham & Taft LLP