Market participants question South African rate reform
Risk South Africa: Some urge caution as South Africa moves to reform Jibar
South Africa is trying to reform its key interbank rate – potentially moving to a risk-free rate some tentatively dub Zaribor – but banks and buy-side participants question the necessity.
“We don’t want a rate that can – especially under market stress – do weird things. That can cause massive problems,” said Albertus Bekker, executive head of group market risk monitoring at Nedbank. “The good
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