CFTC’s Behnam urges action on Libor fallbacks

Libor adobe stock 230x150 AS
By Ross Lancaster
13 Feb 2020

US Commodity Futures Trading Commission (CFTC) commissioner Rostin Behnam has added his voice to the growing clamour for derivatives market participants to find a solution to fallback issues as they transition away from Libor.

Speaking at the International Swaps and Derivatives Association (ISDA) and Securities Industry and Financial Markets Association AMG Benchmark Strategies Forum 2020 in New York, Behnam devoted much of his speech to praising the market’s progress in preparing to move away from Libor.

But he cautioned that a lot ...

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