MFA Submits Comment Letter to the CFTC on its proposed “Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps to Account for the Transition from LIBOR and Other IBORs to Alternative Reference Rates”

On June 30, 2022, MFA submitted a comment letter to the Commodity Futures Trading Commission on its proposed rule, Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps to Account for the Transition from LIBOR and other IBORs to Alternative Reference Rates.

MFA supports the Commission in facilitating the transition from reliance on swaps that reference LIBOR and other IBORs to clearing and trading swaps that reference RFRs by modifying its interest rate swap clearing requirement to reflect the cessation or loss of representativeness of certain IBORs and the market adoption of RFRs.

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MFA Submits Comment Letter to the CFTC on its proposed “Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps to Account for the Transition from LIBOR and Other IBORs to Alternative Reference Rates”