Enhancing Financial Benchmarks: Comments on the OICU-IOSCO Consultation Report on Financial Benchmarks

12 Pages Posted: 13 Feb 2013  

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 College London

Date Written: February 12, 2013

Abstract

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.

Keywords: financial benchmarks reform, LIBOR, conspiracies, manipulations, screening

JEL Classification: G20, G21, G28, K21, K22, K23, L41, L51

Suggested Citation

Abrantes-Metz, Rosa M. and Evans, David S., Enhancing Financial Benchmarks: Comments on the OICU-IOSCO Consultation Report on Financial Benchmarks (February 12, 2013). Available at SSRN: https://ssrn.com/abstract=2216209 or http://dx.doi.org/10.2139/ssrn.2216209

Rosa M. Abrantes-Metz (Contact Author)

Global Economics Group, LLC ( email )

22 Cortlandt Street
Suite 1600
New York, NY 10007
United States
(917) 499-4944 (Phone)

HOME PAGE: http://www.globaleconomicsgroup.com

New York University - Leonard N. Stern School of Business - Department of Economics ( email )

269 Mercer Street
New York, NY 10003
United States

David S. Evans

Global Economics Group ( email )

111 Devonshire St.
Suite 900
Boston, MA 02108
United States

University College London ( email )

Gower St
London WC1E OEG, WC1E 6BT
United Kingdom

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