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Keywords:Libor OR LIBOR 

Speech
Good Day Sunshine

Remarks at Midsize Bank Coalition of America (delivered via videoconference).
Speech

Speech
The role of the New York Fed as administrator and producer of reference rates: remarks at the Annual Primary Dealer Meeting, Federal Reserve Bank of New York, New York City

Remarks at the Annual Primary Dealer Meeting, Federal Reserve Bank of New York, New York City.
Speech , Paper 270

Discussion Paper
Did the Fed’s Term Auction Facility Work?

The Federal Reserve introduced the Term Auction Facility (TAF) in December 2007 to provide term loans to banks during the recent financial crisis. In this post, we report on the effectiveness of the TAF during the early stages of the crisis. We find that the TAF was associated with a decrease in the “liquidity premium,” one component of a bank’s borrowing cost. In other words, the TAF worked as intended.
Liberty Street Economics , Paper 20111011

Report
LIBOR: origins, economics, crisis, scandal, and reform

The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans. LIBOR's volatile behavior during the financial crisis provoked questions surrounding its credibility. Ongoing regulatory investigations have uncovered misconduct by a number of financial institutions. Policymakers across the globe now face the task of reforming LIBOR in the aftermath of the scandal and ...
Staff Reports , Paper 667

Speech
Monetary Policy Implementation: Adapting to a New Environment

Remarks before the Money Marketeers of New York University (delivered via videoconference).
Speech

Speech
Act Now, and Choose Wisely

Remarks at the 2021 ISDA North America Conference (delivered via videoconference).
Speech

Speech
ICMA's Official Sector Panel on the Transition to Risk Free Rates

This virtual event presented an opportunity to hear from the UK Financial Conduct Authority, the Federal Reserve Bank of New York, the Swiss National Bank, and the European Central Bank about progress and the remaining challenges in the transition from LIBOR/interbank offered rates to risk-free rates, international coordination, and key messages from the official sector for market firms in the run-up to the end of 2021.
Speech

Speech
Transitioning Away From LIBOR: Understanding SOFR’s Strengths and Considering the Path Forward

Remarks at the Bank Policy Institute’s Credit-Sensitive Benchmark Symposium (delivered via videoconference).
Speech

Speech
The transition to a robust reference rate regime: remarks at Bank of England’s Markets Forum 2018, London, England

Remarks at Bank of England?s Markets Forum 2018, London, England.
Speech , Paper 287

Speech
Money Market Developments: Views from the Desk

Remarks at the Annual Primary Dealer Meeting, Federal Reserve Bank of New York, New York City.
Speech , Paper 333

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