Summary

The report confirms that Principle 9 of the International Swaps and Derivatives Committee, which requires fully implemented transparency on benchmark determinations, is already operational for AXI and FXI. The review of previously performed assessments indicates that SOFR Academy and its administrator have reasonably addressed the specific recommendations detailed in the Report for these two banking entities.

This transparency is a significant positive development for financial stability. Recent research supports this by showing that incorporating credit sensitivity into the base rate of revolving lines of credit enhances credit provision while simultaneously lowering the cost of financing for American borrowers. The authors, Cooperman, Duffie, Luck, Wang, and Yang, cite data from FR2052a and Y14Q to demonstrate how this financial stability measure is critical for the U.S. banking system.

Title

SOFR Academy | Robust transparency for Capital Markets.

Description

Enhancing the efficiency, transparency, and stability of Capital Markets

Keywords

credit, market, academy, register, bank, have, course, spread, benchmark, more, spreads, rate, risk, principles, benchmarks, funding, banks

NS Lookup

A 104.21.82.226, A 172.67.164.152

Dates

Created 2026-04-14

Updated 2026-04-15

Summarized 2026-04-16