FSB calls for more progress on risk-free reference rates

Continued progress of ‘paramount’ importance, FSB says

fsb-new
The Financial Stability Board

More progress is needed in identifying ‘near credit risk-free reference rates' (RFRs), which would supplement the three major interest reference rates, said the Financial Stability Board (FSB) in a report published today (July 19).

The FSB had envisaged releasing a final report on the adoption of RFRs in July, but said it "will instead be published in 2017". This is because "some further implementation steps are expected to be seen in the largest markets beyond July 2016", as well as progress

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