Swiss eye Saron for risk-free rate

Working group considers one rate to rule them all

Alternative reference rate in Swiss franc
Swiss franc working group recommends Saron as alternative reference rate

Work on reforming the Swiss unsecured overnight rate has ground to a halt, meaning the country's alternative interest rate benchmark is likely to be based on repurchase agreements. Insiders say this could impact the value of collateralised swap agreements.

Private sector working groups have been meeting in all major currency areas at the behest of regulators to develop alternatives to the main existing interest rate benchmarks, such as Libor. The Swiss working group does not publish information

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