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
The week on Risk.net, July 7-13, 2018Receive this by email