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Hedge Trackers’ Ruth Hardie Featured in Thomson Reuters On Thoughts for ASU 2018-16

Ruth-Hardie-Featured-In Thomson-Reuters

Financial Accounting Standards Board (FASB) has released a new update, ASU 2018-16, which will allow companies to use SOFR OIS as an acceptable hedge accounting benchmark for U.S. GAAP. Unlike LIBOR, which relies on judgement, SOFR OIS will be based on repurchase agreements.

In this Thomson Reuters/Tax & Accounting article, Hedge Trackers Senior Director of Client Services, Ruth Hardie provides guidance on whether adding SOFR OIS as a benchmark rate will be ready to be used or not.

Read the Full Article Here