Committed quotes an answer to Libor problem?
The Wheatley Review decided to stick with a patched-up Libor submission methodology, but some regulators want it replaced with a mechanism based entirely on transactions. The compromise may be to use committed quotes. Lukas Becker reports
Plenty of ideas about how to reform Libor have been tossed around since the first clear evidence of manipulation came to light last June – and the issue continues to separate policy-makers in Europe, the UK and the US. A new benchmark based on alternative, transaction-based rates is one approach, with overnight indexed swaps, government bonds and repo rates all mooted as potential replacements to
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