Preserving Banking Diversity: A Cornerstone of U.S. Financial Stability
September 16th, 2025 | In Opinion
America’s banking strength lies in diversity. Yet as PNC CEO Bill Demchak warns, deposit flight to megabanks will only accelerate in the next crisis. Unless addressed, a SOFR-only regime risks tilting the system further toward concentration. IOSCO-aligned credit-sensitive supplements for SOFR such as AXI and FXI offer a modern solution to safeguard stability and preserve bank diversity. The United States has long benefited from a diverse, multi-tiered…
Banks can help stem deposit outflows by referencing a credit...
March 20th, 2023 | Opinion
Smaller and medium-size institutions who account for almost a third of all bank…
The Case For An Across-the-Curve Credit Spread: Transitioning From LIBOR...
May 19th, 2021 | Opinion
Bank of England Governor Andrew Bailey: We need to learn the lessons of…
The case for global active transition for ‘tough legacy’ contracts
July 2nd, 2020 | Opinion
Tough legacy contracts are those that do not have robust fallbacks and prove…
For Businesses Libor Transition Efforts Must Move Ahead
April 18th, 2020 | Opinion
Businesses cannot afford to push the pause button on LIBOR transition efforts. The…