Events listed in IOSCO Principles
Asset Management
information
Statement on Alternatives to USD Libor
ID 24011
IOSCO conducted a Review of Alternatives to USD LIBOR, evaluating four potential substitutes for the benchmark. These alternatives included two CSRs and two Term SOFR rates. The review assessed how well these rates adhered to the IOSCO Principles for Financial Benchmarks in benchmark design, data sufficiency, and transparency, using the Federal Reserve Bank of New York-administered SOFR as a comparator. **The review revealed concerns ...