ISDA finds split on Ibor pre-cessation

Libor adobe stock 230x150 AS
By GlobalCapital
22 Oct 2019

The International Swaps and Derivatives Association has flagged a lack of consensus among market participants on how to tackle pre-cessation issues for interbank offered rates, while calling on regulators to provide more clarity.

ISDA found that most market participants would generally not want to continue referencing a covered Ibor if a supervisor put out a statement saying that it was no longer representative of the underlying market.

But the consultation failed to provide full consensus on the matter.

A significant minority, ...

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