Author: McCabe Hurley

The Secured Overnight Financing Rate (SOFR) Replaced LIBOR  For new transactions as of April 1, 2018.  LIBOR will continue to be used for existing swaps and loans.  Today, SOFR will be used to measure the cost of borrowing cash overnight collateralized by US Treasuries.   SOFR will...

The 2016 Presidential Election might be one of the most important decisions Americans make in the 21st Century.  THE RED STATES & THE BLUE STATES Let me say up front, I’m not writing this blog to sway your vote to Clinton or Trump.  It’s not a matter of Red Hats...

Changing Gender Gaps include Pay Gaps & Pink Taxes. Women make 20% less than men. Women also pay more than men for hygiene an beauty products. This blog breaks down these gaps and presents some ideas for change....

BEYONCE SIPS LEMONADE This weekend, Beyoncé served up a large pitcher of Lemonade and Banker's got new of a Banker's pay cap.  In case you didn’t catch the show on HBO or missed the avalanche of publicity that followed, I’ll spill some Tea.  Beyoncé is mad at her husband Jay-Z...

REGULATIONS ARE BOUNDARIES Rules are important. Regulations are important. Integrity in finance is also important.  Boundaries of acceptable actions are important. Just as the rules guiding the behavior of a child, regulations are boundaries for adults. Telling a child they have to finish their meal and if they don’t finish, they...

Global Collateral Risk Tool Davis Polk has a new portal chock full of tools for Risk Managers. They've included one of the best one-stop resources I've seen online in their global collateral risk tool.  Posting Collateral Around the World Now that we've finally got Europe and the US on...