Graph and download economic data for Secured Overnight Financing Rate (SOFR) from 2018-04-03 to 2025-06-05 about financing, overnight, securities, rate, and USA.

The LIBOR transition services market is experiencing robust growth, driven by the impending deadline for the complete cessation of LIBOR benchmark rates and the complex regulatory requirements surrounding the transition. The market, estimated at $2 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching an estimated $7 billion by 2033. This significant expansion is fueled by increasing regulatory scrutiny, the need for robust risk management strategies, and the escalating complexity of transitioning legacy contracts and systems to alternative reference rates such as SOFR (Secured Overnight Financing Rate) and other RFRs (Risk-Free Rates). Key drivers include the sheer volume of impacted contracts across various financial sectors – Banking, Insurance, and broader Financial Services – necessitating specialized expertise in legal, technological, and operational aspects of the transition. The market is segmented by service type (Software, Service) and application (Banking, Insurance, Financial Services), reflecting the diverse needs of different financial institutions. Leading players, including Accenture, Deloitte, EY, and others, are investing heavily in developing innovative solutions and building their expertise to cater to this growing demand. The geographical distribution of the market reveals strong growth across North America and Europe, initially driven by early adoption and stringent regulations in these regions. However, the Asia-Pacific region is anticipated to exhibit significant growth in the coming years due to increasing regulatory pressure and the expanding financial sector in countries like China and India. Challenges include the high cost of implementation, the complexity of legacy systems, and the scarcity of skilled professionals capable of navigating the intricate legal and technological aspects of the transition. Despite these challenges, the market's growth trajectory is expected to remain strong, primarily driven by the urgency for financial institutions to complete their LIBOR transition before the final deadlines and avoid potential penalties or reputational damage. The competitive landscape is characterized by a mix of large consulting firms offering comprehensive solutions and specialized firms focusing on niche areas of LIBOR transition expertise.

Interbank Rate In the Euro Area increased to 1.96 percent on Friday June 6 from 1.95 in the previous day. This dataset provides - Euro Area Three Month nterbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.