Libor leaders: Prudential takes SOFR for a test drive
Test trades have allowed US insurer to start getting used to a life without Libor
This article is part of a Risk.net series on the practical aspects of Libor transition. Find the rest of the coverage here.
For many industry participants, the first seismic shift in the move away from Libor came in July, 2017, when the chief executive of the UK Financial Conduct Authority gave a speech suggesting that Libor’s days may be numbered after 2021.
But for the global head of derivatives trading at US insurer Prudential Financial, it was April last year – when US dollar Libor’s
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