Vladimír Urbánek (Kurzy.cz)
Markets  |  September 20, 2012 10:43:43

IOSCO: Manipulating LIBOR were not the only risk for other benchmarks is usually very high


According to estimates of the International Organization of Securities Commissions (IOSCO) is not possible in case handling LIBOR unique and similar cases in smaller regional benchmarks were most likely more. According to IOSCO is only less than half of the benchmark interest rate in the U.S., Europe and Asia, determined on the basis of real transactions. Methodology for the calculation of most other interest rates is ambiguous, opaque and little related to customary regulatory standards and the resulting values ??are biased. A total of 80% of the benchmark interest rate are set by various associations or even private entities, objectivity vast dominion even at rates of determined on the basis of real transactions.

For this reason, in the last week IOSCO established a committee, which should clearly define the rules for the establishment and regulation of benchmarks.
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IOSCO: Manipulace s LIBORem nebyly jediné, riziko u dalších benchmarků je většinou velmi vysoké

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