Duffie: regulators may push swaps market off Libor

Even reformed Libor no longer a viable reference rate, says FSB adviser

Darrell Duffie - Stanford University
Darrell Duffie: overnight lending rates are most suitable option for benchmarks

Regulators may need to act if banks are to shift liquidity in the swaps market away from Libor towards a reference rate based on overnight lending rates, according to a senior adviser to the Financial Stability Board (FSB) on benchmark reform. Regulators insist a change is needed, but rules requiring it are not on the cards – leaving open the question of how any switch would be engineered.

Speaking on January 25 at the Prime Finance conference in The Hague, Darrell Duffie, a professor of finance

To continue reading...

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 indvidual account here: