Close this search box.

SEC’s Gensler takes aim at Bloomberg’s BSBY index –

The top US securities regulator has warned against linking derivatives contracts to Bloomberg’s short-term bank yield index (BSBY), one of a number of credit sensitive benchmarks vying to replace US dollar Libor.

Gary Gensler, chair of the Securities and Exchange Commission, singled out BSBY at a June 11 meeting of the Financial Stability Oversight Council (FSOC), where regulators urged derivatives users to adopt the secured overnight financing rate, or SOFR – the Federal Reserve’s preferred

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.