Canada looks beyond bankers’ acceptance market in rate reform
Banks “moving away” from antiquated lending practice that is a key input for CDOR benchmark
Canada’s lending market is in a state of flux as financial regulators nudge participants towards a new risk-free rate to replace the Canadian dollar offered rate, or CDOR. With underlying transaction volumes in decline and worries over panel bank participation, the future looks bleak for the Canadian benchmark.
On January 31, CDOR’s administrator Refinitiv opened a month-long consultation into the future of the rate. The move follows a recommendation from the official working group in charge of
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