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, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.