Prudential, Goldman cast doubt on Libor-like replacement rates Isda AGM: Participants split on case for credit-sensitive rates in post-Libor world Print this page
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 Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.