FSB says swaps users to be pushed away from Libor

Market may not give up liquid benchmark of its own accord, regulators accept

federal reserve
The Federal Reserve in Washington, DC

Regulators in the UK, US and elsewhere are prepared to break the derivatives market's reliance on Libor, and push participants towards a range of alternative reference rates – some of them untested or illiquid – according to a report on the reform of interest rate benchmarks that was published yesterday by the Financial Stability Board (FSB). Officials envisage using tools ranging from moral suasion to margin requirements.

The report endorses what the FSB calls a multiple-rate approach – the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here