Final Report of the Market Participants Group on Reforming Interest Rate Benchmarks

Abstract

As part of its work on considering reforms to major interest rate benchmarks, the FSB established a Market Participants Group to propose options for robust reference interest rates that could serve as potential alternatives to existing LIBOR, EURIBOR and TIBOR benchmark rates, and proposes strategies for any required transition to alternative reference rates and for dealing with legacy contracts in the national or regional currency. This report sets out the findings and recommendations of this group.