LCH to clear swaps linked to embattled BSBY rate

Risk USA: SOFR surge eases concerns over Bloomberg’s credit-sensitive Libor alternative

bloomberg-offices

LCH plans to begin clearing swaps linked to Bloomberg’s short-term bank yield index (BSBY) by year-end, defying regulatory criticism of the aspiring US Libor successor.

“We’re working on our capability. It really is all about that appropriateness, and it’s a decision we want market participants and end-users to be making,” said Philip Whitehurst, head of service development for LCH’s rates business.

Whitehurst – speaking on a panel at the Risk USA conference on November 9 – said the UK central

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: