Enhancing Financial Benchmarks: Comments on the OICU-IOSCO Consultation Report on Financial Benchmarks
Rosa M. Abrantes-Metz
Global Economics Group, LLC; New York University - Leonard N. Stern School of Business - Department of Economics
David S. Evans
Global Economics Group; University of Chicago Law School; University College London
February 12, 2013
In this comment we advance a number of guiding principles on matters of benchmark formation, administrative governance, screening, transparency and regulation, in response to the OICU-IOSCO Consultation Report on Financial Benchmarks dated January 2013 (“Report”). We are looking for practical solutions which discourage, to the extent possible, attempts at manipulation or fraud while providing the most useful information to the market.
Number of Pages in PDF File: 12
Keywords: financial benchmarks reform, LIBOR, conspiracies, manipulations, screening
JEL Classification: G20, G21, G28, K21, K22, K23, L41, L51
Date posted: February 13, 2013
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