FSB pushes ISDA on Ibor triggers

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FSB pushes ISDA on Ibor triggers

Letter fotolia

The Financial Stability Board (FSB) has called on the International Swaps and Derivatives Association (ISDA) to include a pre-cessation trigger as standard language in definitions of new derivatives, warning of potentially disruptive market fragmentation as some interbank offered rates (Ibors) near a drop-off in relevance.

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