Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.
ABS, benchmark reform, featured, interest rate benchmark, Jacqueline Loh, Libor, loan pricing, Loans, market fragmentation, MAS, New Polled Benchmark, Samuel Tsien, SC-STS, SFEMC, SIBOR, SOR, SORA, Transparency, volatility, Waterfall methodology