2min chapter

Behind the Money cover image

Libor's long goodbye

Behind the Money

CHAPTER

The Deadline for Switching Over to SOFR

US regulators said that starting last year, all new loans had to use SOFR instead. So it's more standardized and the idea is that it's more transparent as well. But there has been sluggish progress in the lead up to this deadline within the so-called US junk loan market.

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