Prudential, Goldman cast doubt on Libor-like replacement rates
Isda AGM: Participants split on case for credit-sensitive rates in post-Libor world
The development of credit-sensitive rates, which look and feel like Libor, is creating unease among some market participants, with one trading head at a large US insurer describing the development as “troubling”.
“The argument about [credit-sensitive rates] being coordinated with Libor – that is a bit troubling to me … just with the concerns that Libor wasn’t representative,” said Chris McAlister, global head of derivatives trading at Prudential.
“The general message we have heard from
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