Brokers may flout deadline to darken US dollar Libor screens

SOFR First step raises transparency concerns; threatens publication of Ice swap rates

Libor-screens-should-be-switched-off-say-regulators
Risk.net montage

Interdealer brokers say they may continue to show US dollar Libor swap prices even after regulators have called for screens to go dark in October.

Under the SOFR First initiative, which is promoting a move to the secured overnight financing rate, brokers are being asked to switch off US dollar Libor swap screens altogether after October 22. But two brokers plan to defy those demands, citing transparency requirements and still-current licensing agreements for these feeds.

“Our role is not to

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: