Prudential, Goldman cast doubt on Libor-like replacement rates

Isda AGM: Participants split on case for credit-sensitive rates in post-Libor world

dollar-arrow2

The development of credit-sensitive rates, which look and feel like Libor, is creating unease among some market participants, with one trading head at a large US insurer describing the development as “troubling”.

“The argument about [credit-sensitive rates] being coordinated with Libor – that is a bit troubling to me … just with the concerns that Libor wasn’t representative,” said Chris McAlister, global head of derivatives trading at Prudential.

“The general message we have heard from

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: