Iosco steps up scrutiny of credit-sensitive rates

Standard setter calls for rates to prove compliance through stress scenarios to retain hallmark


Providers of credit-sensitive alternatives to the secured overnight financing rate, or SOFR, have been warned that their use of a hallmark indicating compliance with global standards will be closely monitored, amid growing concern from regulators that the rates may not pass muster during times of stress.

The International Organization of Securities Commissions (Iosco) added its weight to growing regulatory scepticism over rates which veer from the Federal Reserve’s preferred US dollar Libor

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

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