ICE Benchmark Admin Lays Out Libor Plans
ICE has also outlined plans to transition to calculation of Libor.
Under the new roadmap, which is set to be implemented later this year, IBA will incorporate more transaction data into the Libor methodology; will publish a "single, clear and comprehensive" Libor definition; will ensure the rate can adapt to changing market conditions; and will conduct a feasibility study on transitioning calculation of Libor an IBA-run algorithm that would use transaction data to ensure a "more robust and sustainable" rate.
"Libor... underpins more than $350 trillion in
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