CFTC Chairman Giancarlo Issues Statement on New Reference Rate
June 23, 2017
June 23, 2017
WASHINGTON, June 23 -- The Commodity Futures Trading Commission issued the text of the following statement by Acting-Chairman J. Christopher Giancarlo on the Alternative Reference Rate Committee announcement:
"I applaud the important work and the thoughtful consideration of the ARRC in selecting a strong alternative reference interest rate to replace Libor.
"A broad Treasuries repo rate will encourage a wide range of market participants to use this referen . . .
"I applaud the important work and the thoughtful consideration of the ARRC in selecting a strong alternative reference interest rate to replace Libor.
"A broad Treasuries repo rate will encourage a wide range of market participants to use this referen . . .