A rush on Libor fallbacks to head off holdouts

Concerns that valuation changes will scare some off adoption may be accelerating Isda timeline

Tight schedule
Signing up earlier means it is less obvious who will lose out

The International Swaps and Derivatives Association is giving itself till the end of this year to implement a framework to wean swaps off Libor. Why the timetable? Observers say the schedule is meant to head off fears that some will refuse to move if it becomes clear they will lose out.

“Some firms could make the economic assessment that they’re better off not making the transition,” says Subadra Rajappa, head of US rates strategy at Societe Generale. Other well-placed market participants have

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 copy this content. Please contact [email protected] to find out more.

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 individual account here: