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For CME, Sofr has had a cumulative notional volume of $711bn whereas bitcoin’s is $25bn
£750m deal uses alternative reference rate to scandal-hit Libor
Deutsche Bank treasurer says shaking free of the benchmark will be a bigger challenge than Brexit
FCA and CFTC urge financials to speed up adoption of new ‘risk-free’ reference rates
Debt sale would pioneer the use of Libor replacement
Global association fears derivatives market ill-prepared for end of lending benchmark
Industry wary of change because many loans and swaps rely on reference rate
Floating interest rate benchmark remains a pivotal part of the financial system
Key potential alternatives to the tarnished benchmark are widely seen as impractical
Moving more than $350tn of derivatives pegged to benchmark will take longer than five years
Regulator sounds a death knell for controversial lending rate
FCA head says scandal-tainted rate benchmark no longer fit for purpose
Phasing rate out with no international replacement in sight leaves a gap
Regulators push for transaction-based benchmarks
Culmination of US efforts to phase out old benchmark after rigging scandal
International Edition