Banks drop off IsdaFix panel amid rate-rigging probes
15 April 2013
In a Bloomberg article, Owen Watkins discusses why banks are leaving the panel that sets ISDAFix, the benchmark for the $379 trillion swaps market, as regulators probe suspected manipulation of the rate.
Without data from a large number of firms, benchmarks risk becoming unrepresentative and losing the confidence of the market, Owen believes.
You can read Owen's comments in full on the Bloomberg website here.