Risk of Derivatives – The Fall of an Index
South State Correspondent
JANUARY 16, 2024
Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). Comerica Bank announced a $91mm charge, and Bank of America announced a $1.6B
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