Expansion of ‘SOFR First’ to Eurodollars faces resistance

Non-banks may prove immune to regulatory arm-twisting in fourth wave of transition for listed markets

Eurodollar-market-requires-'behavioural-shift'-for-SOFR-transition

The final phase of the US market’s move towards the secured overnight financing rate will see the exchange-traded futures market switch away from using US dollar Libor, but market participants say it may prove tricky due to the limited sway regulators have over market-makers in the instruments.

The first two waves of ‘SOFR First’ have successfully tilted swaps and cross-currency activity towards the risk-free successor, yet traders worry it may be more difficult to wrench a largely non-bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here