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Financial Intelligence

The Great Transition: LIBOR-SOFR

Navigating through the challenges and seizing the opportunities.

Presented by: Rei Shinozuka, Vice President and Director of Capital Markets Research,
and Thomas Settino, Vice President and Director of Member Relations, FHLBNY

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In this webinar, Rei Shinozuka summarized the history of the London Interbank Offered Rate (LIBOR), and why U.S. dollar rates are transitioning to the Secured Overnight Financing Rate (SOFR). He also touched on some of the challenges our members may face during this transition, resources to help market participants plan for transition, as well as the impact of COVID-19.

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