SEC’s Gensler questions BSBY’s Iosco compliance

Bloomberg’s credit-sensitive Libor alternative draws more criticism as Iosco vows tougher scrutiny

sec-building

The top US securities regulator has warned that Bloomberg’s Short-Term Bank Yield Index – one of several credit-sensitive benchmarks vying to replace Libor – may not meet global standards set out by the International Organization of Securities Commissions.

“I don’t believe that [BSBY] meets the Iosco 2013 standards,” Gary Gensler, chair of the Securities and Exchange Commission, said in a speech earlier today (September 20). “Simply speaking, it doesn’t feel compliant with the spirit or intent

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: