A poll of more than 1,200 members of the CFA Institute shows the vast majority think Libor should be based on actual interbank transactions or a combination of actual transactions and estimates, as opposed to the current method of relying on estimates, according to a Reuters blog posting by Felix Salmon. Fifty-six percent of the CFA members, who are employed as portfolio managers, research analysts, consultants and risk managers, say Libor should be based on actual interbank transactions and 32% say it should reflect some combination of actual transactions and estimates.

The respondents seem to be interested, though, in a Libor replacement. Only 7% say there's no alternative that would work.  And most say it wouldn't take that long to replace the benchmark rate: 15% say it could be done within six months, 32% within a year and 26% within three years.

See the full story here.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.