Fed adviser denies plan to ‘euthanise’ Libor

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

David Bowman, the US Federal Reserve’s Libor expert, says it is not the regulator’s intention to “kill” the beleaguered interest rate benchmark, but it is simply warning of the risks of using the reference rate to fix financial contracts in the future.

Speaking at an event held at Bloomberg’s offices in New York yesterday, Bowman said neither the Fed nor the Alternative Reference Rates Committee, which has selected the Secured Overnight Financing Rate as a new benchmark rate for US dollar

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]