12 Pages Posted: 13 Feb 2013
Date Written: 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.
Keywords: financial benchmarks reform, LIBOR, conspiracies, manipulations, screening
JEL Classification: G20, G21, G28, K21, K22, K23, L41, L51
Suggested Citation: 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