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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.

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