Post-Libor squeeze could stifle benchmarks, industry warns
Obligations set to mushroom for administrators and contributors
European regulators are trying to clean up the business of benchmarking. Participants fear they will choke it instead.
Tough new responsibilities for contributors – including ensuring the robustness of input data and its storage – may further shrink the pool of willing participants, critics warn. Administrators also face obligations that could make the business unattractive for smaller players, including overseas firms that will be caught in the dragnet if their benchmarks are used by European
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