The International Swaps and Derivatives Association’s (ISDA) proposal on a Fallback Protocol to ease the transition from Ibors to new Risk Free Rates (RFRs) has overcome a big hurdle with the US Department of Justice stating it has no objections to ISDA’s suggested pathway. In a business review letter the DoJ says it has concluded […]
ISDA Gets DoJ, FSB, Nod on Fallbacks
