CFO Focus: More on the future of floating rates

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Originally utilized in 1969, LIBOR—the London Interbank Offered Rate—was officially adopted by the British Bankers Association in 1986 as a benchmark rate and has subsequently become the global standard for the rate at which banks lend to one another. LIBOR rates are set by banks daily, with each bank providing the estimated rate at which it expects to borrow funds at a series of maturities (as well as a variety of currencies, which has led to Euro and Yen LIBORs, among others).The presence of such a robust interest-rate setting process led market participants to adopt LIBOR rates as the basis for a wide variety of financial products. Current estimates place LIBOR as the reference rate in over $200 trillion of active financial contracts in the cash and derivatives markets. LIBOR exposure can most commonly be found in the investment portfolios of banks and credit unions in the form of variable rate mortgage-backed securities and collateralized mortgage obligations.With no guarantee that LIBOR will continue to be published as of the end of 2021, global financial regulators have drafted plans to facilitate floating rates in the post-LIBOR world. In the United States, the Alternative Reference Rates Committee has chosen the secured overnight funding rate as the replacement for LIBOR, and in our previous article we discussed the differences between the two benchmarks and the challenges to a smooth transition. Fannie Maeand Freddie Mac have recently released a joint playbook and timeline outlining the LIBOR transition, which should help ensure a smooth transition from LIBOR to SOFR. continue reading »last_img read more

David Luiz jokes he’ll punch Willian if he nutmegs him during Arsenal match

first_imgDavid Luiz jokes he’ll punch Willian if he nutmegs him during Arsenal match SPONSORED Read More Lampard: Bayern’s levels ‘fantastic’ as Chelsea trounced at homeTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 5:52FullscreenLampard: Bayern’s levels ‘fantastic’ as Chelsea trounced at homehttps://metro.co.uk/video/lampard-bayerns-levels-fantastic-chelsea-trounced-home-2118546/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘I’ve faced him a few times, he for Chelsea, me for Shakthar Donetsk, me for Chelsea, he for PSG,’ Willian said.AdvertisementAdvertisement‘Now it’s he for Arsenal. He’s a brother that I have, we met at the age of eight.‘But on the pitch… there’s no way. If I have to nutmeg him, I will.’Asked about Willian threatening to nutmeg him, Luiz told OTRO: ‘No problem. Be ready, bro.‘I’ll punch him badly, punch him in the…’ PLAY Top articles Video Settings Skip Ad Read More Metro Sport ReporterWednesday 26 Feb 2020 2:59 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link8.5kShares by Metro Manchester United captain Harry Maguire Arsenal defender David Luiz has joked he’ll punch Willian if he gets nutmegged (Picture: Getty)David Luiz has warned Willian that he could end up with a smack in the mouth if he nutmegs him when Arsenal and Chelsea play each other.The 32-year-old defender has known Willian since childhood and the pair have gone on to share a dressing room at both club and international level with Chelsea and Brazil.However, Luiz ended his second spell at Stamford Bridge last summer to complete an £8million move to arch-rivals Arsenal and the centre-back has since made 22 appearances for his new club.Speaking to Brazilian publication Globo Esporte back in November, Willian promised to take no prisoners when he comes up against his ‘brother’ in battle.ADVERTISEMENT Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Full Screen Arteta praises his Arsenal team after beating Everton 3-2To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 6:48FullscreenArteta praises his Arsenal team after beating Everton 3-2https://metro.co.uk/video/arteta-praises-arsenal-team-beating-everton-3-2-2116792/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Luiz added: ‘You know, Willian, when he laughs he makes you angry. When he laughs at you you, you want to punch him badly.‘I’ve known Willian since I was eight. I’ve known him for a long time.‘We played together when we were young in Sao Paulo, Brazil. So we met each other at school, we played together until we were 10 or 11 and then he went to Corinthians, I went to Sao Paulo and then we met again in the Under-17s.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityWillian admitted this could be his final season with Chelsea following the side’s defeat to Bayern Munich on Tuesday night.‘Chelsea offered me two years, and they are not going to change what they offered,’ he told Esporte Interativo.‘I said I wanted three more years. The situation is difficult because of this, I really don’t know if it will be possible.‘My goal is to continue working and focus on this remainder of the season, so that Chelsea can continue winning the games for the remainder of the season.‘I have a clear head and focused for the rest of the season that we have left.’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Alexandre Lacazette responds to rumours he has agreement with Arsenal over exit Comment Read More About Connatix V67539 Read More Read More Coming Next Skip Visit Advertiser website GO TO PAGE 1/1 / 1 min. story Advertisement Advertisementlast_img read more

Conservation Officers save girl from drowning

first_imgRichmond, IN—Two Indiana Conservation Officers rescued an 11-year-old girl from drowning Friday, after she fell into the Whitewater River in Richmond, below the Weir Dam. The rescue was a result of the officers being in the right place, at the right time while patrolling the river.At approximately 5:30 p.m., Indiana Conservation Officers Rhett Braun and Cole Hollingsworth were on foot, checking fishing licenses, when they heard someone yelling for help. They observed a young girl in the river, struggling to remain on the surface. Both officers entered the water, swam to the girl, and brought her back to shore.The girl was checked out by EMTs with the Richmond Fire Department and found to be uninjured.It was determined that the girl, who did not know how to swim, had fallen into the river while walking the bank below the low-head dam with family members. The river in this area was 8 to 9 feet deep, with a strong current at the time of the incident.Indiana Conservation Officers remind the public to use caution while recreating near the water and recognize the dangers of low-head dams. It is also a good practice to have children and non-swimmers wear personal flotation devices while on or near the water.last_img read more