LIBOR to SOFR as regulatory precedent
The conceptual framework presented: the Fed's decade-long transition from LIBOR to SOFR demonstrates that central authorities can successfully restructure global dollar funding markets around pristine, secured collateral.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.