Bank of England is trying to decide between secured and unsecured rates
The Bank of England has suggested that
trade body the International Swaps and Derivatives Association
could act as administrator of a default benchmark rate in the
event that an existing benchmark becomes unavailable.
The Bank of England Working Group on
Sterling Risk-Free Reference Rates published on Monday the
minutes from its meeting on December 15 and outlined the
possibility that Isda could play a more active role in the
business of benchmark administration.
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