In the US, the ARRC, which is sponsored by the Federal Reserve Bank of New York (New York Fed), has identified the Secured Overnight Financing Rate (SOFR) as its preferred alternative for US dollar Libor.
For example, we have made a video explaining why financial stability “isn’t (Tonne) boring”. [19] We reach out and present our analyses in universities and schools, and we provide a comprehensive range of teaching materials for schools and teachers. Thank you for your attention. 7 References Basel Committee on Banking Supervision (2022). Evaluation of the impact and efficacy of the Basel III reforms. Basel.