Fed and FCA see path to synthetic dollar Libor

Reprieve for popular dollar settings could buy time for UK-style tough legacy fix

a way forward

Regulators in the US and UK are entertaining the possibility of emergency life support for assets that cannot switch away from US dollar Libor before publication of the doomed benchmark ends.

They are also not giving any guarantees.

“It is possible down the road that there could be dollar synthetic Libor; it’s also possible there could not be. No-one should assume that there will be,” said David Bowman, senior adviser at the Federal Reserve Board.

Edwin Schooling Latter, head of markets and

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: