Monday Oct 29 2018
FASB addds SOFR for interest rate hedging.
SOFR is the Secured Overnight Financing Rate. This is being done after revelations that the LIBOR London Interbank Overnight Rate
was manipulated by fraudsters.
Reading the WSJ is one of my twelve steps to Conquer Accounting. I linked to another source but spotted the news in the WSJ today.
Professor Elam 
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