'Fixing the Benchmark' - Wheatley Considers LIBOR Overhaul

Financial Regulation International (September, 2012)

8 Pages Posted: 21 Sep 2012

See all articles by Jun Anthony Garcia

Jun Anthony Garcia

Credit Suisse Securities (Europe) Limited

Date Written: September 6, 2012

Abstract

This paper explores whether replacing LIBOR is necessary even after regulators and policy makers have implemented the proposed changes outlined in the Wheatley Review. The paper also reviews the proposals in detail and sets out the key policy measures being explored in Wheatley’s discussion paper. Finally, this paper presents an assessment of the merits of changing the calculation methodology for LIBOR and puts forward suggestive evidence that the benefits of the proposed changes to LIBOR’s calculation methodology may not materialise.

Keywords: LIBOR, financial benchmarks, benchmarks, BBA, market abuse, interest rates, systemic risk

Suggested Citation

Garcia, Jun Anthony, 'Fixing the Benchmark' - Wheatley Considers LIBOR Overhaul (September 6, 2012). Financial Regulation International (September, 2012). Available at SSRN: https://ssrn.com/abstract=2143137

Jun Anthony Garcia (Contact Author)

Credit Suisse Securities (Europe) Limited ( email )

One Cabot Square
London, E14 4QJ
United Kingdom

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