BBA rules out changes to Libor
The British Bankers' Association (BBA) has ruled out major changes to its Libor fixing, despite criticism earlier this year that the widely used interbank rate had become unreliable.
The BBA outlined a number of possible changes to Libor in July, but now says the banks and dealers it consulted have been generally happy with the status quo. A suggested second daily Libor fixing, to take place after the US markets open (at present the daily fixing is at 11:00 London time), was turned down as
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Derivatives
No clearing sweeteners for European SSAs, argue dealers
As public entities eye CCP membership, dealers warn of heightened risk exposure from support waivers
Receive this by email
Most read on Risk.net
- The Libor replacement stakes: runners and riders
- SEC’s Gensler takes aim at Bloomberg’s BSBY index
- Asia moves: Deutsche appoints Asia-Pacific treasurer, Citi boosts Australian sales team, and more
- People moves: five leave JP Morgan, MS names co-presidents, and more
- Early deaths could kill defined benefit pension shortfalls