Riksbank recommends interbank rate-setting reform

sveriges-riksbank

Sveriges Riksbank proposed reforms to the Stockholm interbank offered rate (Stibor) in a new review released today (November 28). The Stibor Review, commissioned in 2011, found no signs of any manipulation of the benchmark rate but identified a number of deficiencies in the rate-setting process. The review also appraised the country's financial stability.

The responsibility of setting Stibor falls to a panel of five banks and the central bank is unhappy with the small membership of the panel.

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