Some U.S. and European treasurers say they don't view Libor as an accurate rate to use in pricing loans, according to a survey conducted by IFR, Reuters reports. But the treasurers don't want to move to a different benchmark rate and say they prefer reforming how Libor is computed and having authorities keep closer watch over the process.
IFR surveyed 12 treasurers in the U.S. and Europe whose companies borrowed a total of $212 billion in the 12 months ended in April. The story notes that many other treasurers were not willing to participate in the survey "due to the sensitivity of the subject."
Six of the 12 say Libor is not an accurate benchmark, but 10 of the 12 say they would not switch to a different benchmark.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
