With scandal-mired benchmark indices such as the London Interbank Offered Rate due to be scrapped, market players need to pick their alternatives pretty soon.
The problem isn't just that they are moving too slowly, but that they are all moving in different directions — and nobody knows the economic impact that could have.
Regulators are divided as to whether having many different benchmark options on the market would be a good thing or would impose extra risk.
For post-Libor lenders, abundance of benchmarks could cost economy
5 March 2019 5:58pm