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BBA is being stripped of its role in Libor and has already reduced the number of interest rate benchmarks compiled.
ISS annually publishes a table of the burn rate benchmarks for the industry groups in all three groups of companies.
"Interbank interest rate benchmarks are of systemic importance," said Michel Barnier, the European commissioner in charge of markets.
The integrity of foreign exchange rate benchmarks has been called into question after the City regulator launched an investigation into potential manipulative trades in the currency markets.
He currently chairs the Market Participants Group, charged by the Financial Stability Board with recommending reforms to Libor, Euribor, and other interest rate benchmarks.
"Regulators in several international financial centers are looking into the setting of key market interest rate benchmarks by banks," the Monetary Authority of Singapore said Thursday.
Similar(36)
Then the Federal Reserve is expected to begin raising its short-term interest rate benchmark.
The BBSW is the primary interest rate benchmark used in Australian financial markets, and is administered by the Australian Financial Markets Association.
Policy makers are ready to cut their short-term interest rate benchmark, already at 1percentt, again if necessary.
The Fed's interest rate benchmark, the federal funds rate, is at 2percentt and is expected to drop another quarter-point when policy makers meet on Tuesday.
May 2014 The European commission accuses HSBC and two other banks (JP Morgan and Credit Agricole) of running a cartel to manipulate the Euribor rate, a key interest rate benchmark.
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