Antitrust fears cloud Isda protocol – and fallback spreads

Wait for DoJ assurances could delay Libor transition plans and further unsettle rates trading

Isda is seeking assurances from the US Department of Justice over future antitrust action
Drew Douglas

Concerns over competition law may delay the release of a hotly anticipated Libor fallback protocol for derivatives  – and in turn push back an announcement about the death of Libor.  

The protocol is a key element of the Libor transition plan. Last month, a senior UK regulator suggested announcements about Libor’s cessation could be made soon after it was adopted – news that immediately moved the market.

The International Swaps and Derivatives Association plans to publish the protocol and the

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a 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