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#libor #sofr #banks #federalreserve #derivatives #leverage #risk #interestrates #referencerate #eurodollar #repo #TBTF #wallstreet #london #qe Today we will look into the current transition away from Libor reference rates to the SOFR reference rate. This transition is happening over this weekend and is being called the "Big Bang" and could have an adverse impact on at least $80 trillion of off-balance sheet financial derivatives. My video on Libor from February 2020 - LIBOR Risks Disrupting $400 Trillion Derivatives and Loan Markets.: • LIBOR Risks Disrupting $400 Trillion ... Banks brace for 'big bang' switch on $80 trillion worth of swaps: https://www.americanbanker.com/articl... The Development of the Eurodollar Market: https://financetrain.com/the-developm... BBC to air recording that implicates Bank of England in Libor scandal: https://www.theguardian.com/business/... SUPPORT MANECO64: Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/ GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79 https://glintpay.com/ Teespring Store: https://teespring.com/en-GB/stores/ma... https://www.paypal.me/maneco64 / maneco64 Crypto donations: BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5 BSV: qr20w4glrt5urr63c2xrqaxa3ken2qy5hqdxr3kv34 ETHEREUM: 0x990C216CE9218943307319D5F9DAd602A9A872DC BAT Currency: Uphold a/c name maneco