FSB statement on the impact of COVID-19 on global benchmark reform
(WorldNews Switzerland)

Press enquiries: +41 61 280 8138 [email protected] Ref no: 20/2020 The Financial Stability Board (FSB) has discussed the impact of COVID-19 on global benchmark transition. The FSB`s Official Sector Steering Group (OSSG) is monitoring the developments closely and recognises that some aspects of firms` transition plans are likely to be temporarily disrupted or delayed, while others can continue. The FSB maintains its view that financial and non-financial sector firms across all jurisdictions should continue their efforts in making wider use of risk-free rates in order to reduce reliance on IBORs...