Gensler: OIS rate could be replacement for Libor


Libor should be replaced with a reference rate derived from a traded market, Commodity Futures Trading Commission (CFTC) chairman Gary Gensler told a conference today in New York, and pointed to the overnight indexed swap (OIS) rate – which has become the standard discounting rate for some over-the-counter derivatives – as an option.

Gensler delivered a scathing assessment of the structural flaws in the Libor submission process, claimed banks have continued to submit unrealistically stable fixin

To continue reading...

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 indvidual account here: