The UK regulator’s decision to ease markets
away from the London Interbank Offered Rate (Libor), which has
enjoyed 33 years as one of the most important numbers in the
world, was big news in July.
The disgraced benchmark barely needs an introduction, but
for all the discussions of Libor itself, not many have turned
to what might succeed it. Will it be a Libor-like system like
the Sterling Overnight Index Average (Sonia) a new repo-based
approach, or something else altogether?
IFLR is polling readers on just that. Vote now on the
right-hand side of the homepage, and to elaborate on your
response in an entirely off-the-record interview, email email@example.com
What should replace Libor?
- Sonia/similar iterations
- Treasuries repo rate
- An average established from a combination of different
Results of past polls:
Mixed results for EU’s SSM
Jumpstarting the US IPO market