Fed finalises new market benchmarks

Three transaction-based alternatives to US dollar Libor to launch in 2018

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New York: the NY Fed will be responsible for publishing the rates, set to launch in Q2 2018

The Federal Reserve has finalised its proposals for replacing US dollar Libor, confirming on December 8 that three new market benchmarks will launch in 2018.

The three rates are calculated as the volume-weighted median of transactions data from US Treasury markets, rather than the bank submissions underpinning Libor, which ultimately proved flawed. The New York Fed will be responsible for publishing the rates, with their launch set for the second quarter of 2018.

The Fed describes the Secured

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