United States:
CFTC Establishes Interest Rate Benchmark Reform Subcommittee
08 October 2018
Cadwalader, Wickersham & Taft LLP
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The CFTC voted to establish the Interest Rate Benchmark
Reform Subcommittee ("Subcommittee").
The Subcommittee will provide recommendations to the CFTC's
Market Risk Advisory Committee about (i) ongoing efforts to
transition U.S. dollar derivatives and related contracts to the
secured overnight financing as an alternative to LIBOR and (ii) the
impact that such a transition will have on liquidity in the
derivatives markets.
Nominations for membership to the Subcommittee must be submitted
by October 16, 2018.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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