All posts by europeanbanks

US Government want to replace LIBOR

A body set up by US Government called AARC (Alternative Reference Rate Committee) want to replace LIBOR with a new broad Treasuries repo rate. The new method will work according to an article in Business Insider by reflecting how much it costs to borrow cash secured against US government debts. The ARRC is a group of private-market participants convened by official sector agencies to identify a set of alternative U.S. dollar reference interest rates and to identify an adoption plan with means to facilitate the…

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