On the recordJune 20, 2023
I want to comment on one success story. Several years ago, there were $16 trillion of London Inter-Bank Offered Rate (LIBOR) instruments...
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congress.govI want to comment on one success story. Several years ago, there were $16 trillion of London Inter-Bank Offered Rate (LIBOR) instruments...
Sherman highlights Congress's proactive measures regarding LIBOR before its issues arose.
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It has taken them over a decade to come up with a rule defining who would be subject to some future rule.
If you guys screw it up, don't blame the Europeans, and if you oppose these rules, don't enlist as xenophobia.