Benchmark
FSB says swaps users to be pushed away from Libor
Market may not give up liquid benchmark of its own accord, regulators accept
Precious metals dealers search for better benchmarks
Increasing participation seen as crucial to repairing pricing
Silver dealers weigh up benchmark alternatives
Fixing overhaul follows regulators’ concerns on manipulation
Hedge funds ‘biding their time’ to file Euribor suits
Large US fixed-income funds moot rate-rigging legal action
Equity benchmarks unsuitable hedge universe measure
Fixed income returns more appropriate performance metric
OIES trying to fuel debate on energy markets, says Fattouh
“There’s no single truth in these markets,” argues institute director
Benchmarking European repo markets
Sponsored forum: Stoxx
Platts shifts focus away from price reporting code
Price reporting agency says it intends to concentrate on complying with Iosco rules, leaving future of IPRO code in doubt
Liquidity concerns over moves to reform Indian benchmark rates
India becomes latest Asian jurisdiction to move to a market benchmark
OpRisk Benchmarking Survey shows mixed progress: video
In the February 2014 editorial video, OpRisk's latest industry survey finds room for improvement in risk management
Benchmarking and reputation risk – editorial
Managed expectations
Pension fund risk manager of the year: PKA
After moving to Eonia discount rates for its swaps in 2011, Denmark's PKA decided to make Eonia the benchmark for its hedge portfolio at the end of 2012. It's a smart move, dealers say - but one with some risks of its own
Asian index providers face hurdles meeting European equivalence regime
Index providers the latest part of the financial system to have European equivalency problems
EC fines banks €1.7bn over benchmark rigging
Eight banks fined for participating in illegal cartels; UBS avoids €2.5 billion fine in exchange for co-operation
Industry in discussions to change FX benchmark calculation, says ECB official
Senior market participants have suggested widening the time window in which benchmark exchange rates are set in foreign exchange, following allegations of manipulation
FX industry calls for changes to benchmark practices
Ongoing investigations into manipulation of forex benchmarks have led to calls for changes to the way the WM/Reuters exchange rates are used
Building better benchmarks in Dubai: DME's Chris Fix on running an oil exchange
Top of the agenda for the Dubai Mercantile Exchange and its chief executive, Christopher Fix, is assuring the integrity of its crude oil benchmark. He talks to OpRisk about the operational challenges stemming from the exchange’s unique regulatory…
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
Libor set to remain as benchmark rate for OTC derivative contracts
Legacy issues and the lack of alternative benchmarks mean Libor will remain the default benchmark of choice for OTC transactions
IsdaFix faces rival based on swap repository data
New end-of-day benchmark is "much harder to manipulate" than industry standard IsdaFix
Energy should be exempt from benchmark rules, argues EC official
Benchmark indexes in energy markets are already well regulated and do not need further oversight, argues EC director-general for energy
Lois: credit and liquidity
The spread between Libor and overnight index swap rates used to be negligible – until the crisis. Its behaviour since can be explained theoretically and empirically by a model driven by typical lenders’ liquidity and typical borrowers’ credit risk. By…