DoJ gives green light to Isda protocol

Move clears path for possible late-January announcement on Libor cessation

US-DoJ montage

The International Swaps and Derivatives Association’s Libor fallback protocol has moved one step closer to publication after the US Department of Justice confirmed on October 1 that it sees no immediate competition issues with the process.

UK regulators are believed to be waiting for the protocol to become effective before announcing the death of Libor, so the decision also provides a slightly clearer idea of the window for calculating the final fallback spreads.

In a so-called business review

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