Curb your enthusiasm

At the beginning of July, the International Organization of Securities Commissions urged restrictions on the use of credit-sensitive USD rates Ameribor and BSBY, as well as Term Sofr by CME Group and Ice Benchmark Administration, [1] as alternatives to Sofr following the final demise of USD Libor on 30 June. While Libor transition is now completed in principle, its fallout may twist and turn for months and possibly years to come The organisation’s final report on its investigation into