BROADCASTS.com

b'Financial innovator Dr. Richard Sandor is known as the \\u201cfather\\u201d of financial futures and carbon trading. He discusses the unheralded and significant environmental progress being made on the local level in the U.S., plus his latest innovation, an alternative to LIBOR, the troubled global interest rate benchmark. It\\u2019s the American Financial Exchange, an electronic exchange for direct interbank and financial institution lending and borrowing. It\\u2019s up and running and he considers it his \\u201cbest idea yet.\\u201d\\nWEALTHTRACK #1524 published on November 30, 2018.\\n\\nExplanation of acronyms used in this episode:\\nLIBOR: the London Interbank Offered Rate \\n\\nU.S. AMERIBOR: a benchmark rate that reflects the actual market-determined cost of borrowing for U.S. financial institutions\\n\\nFederal Reserve\\u2019s SOFR (Secured Overnight Financing Rate): a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. \\n\\nSIFI: Systemically Important Financial Institution\\n \\nINTERCONTINENTAL EXCHANGE INC. (ICE): an American company that builds, operates and advances global financial and commodity markets\\n\\nCHICAGO CLIMATE EXCHANGE (CCX): founded by Richard Sandor in 2003 as a voluntary greenhouse gas (GHG) emission cap and trade scheme located in North America, and acquired by Intercontinental Exchange in 2010\\n\\nEUROPEAN CLIMATE EXCHANGE (ECX): the leading marketplace for trading carbon dioxide emissions in Europe and internationally\\n\\nTIANJIN CLIMATE EXCHANGE CO, LTD: China\\u2019s first carbon market cap-and-trade exchange \\n\\nRGGI. Inc. (Regional Greenhouse Gas Initiative): the first mandatory market based program in the United States to reduce greenhouse gas emissions.\\n\\n\\n\\n--- \\n\\nSupport this podcast: https://podcasters.spotify.com/pod/show/wealthtrack/support'