29 () posted 1 year ago by koalakingdom 1 year ago by koalakingdom +29 / -0 4 comments share 4 comments share save hide report block hide replies
Can someone explain this in 50 words or less? ...and in English?
Its finished. ISO-20022 became standard all over the world on July 1st and LIBOR is changing to SOFR.
The biggest transition of wealth the world has ever seen.
See @Prolotario1 on Twitter, he has a good grasp of this, much better than I ever could.
Check out this link. Usual suspects on the committees.
https://www.cftc.gov/About/AdvisoryCommittees/GMAC