The Financial Stability Board’s (FSB) Official Sector Steering Group has published its second interim report on reforms to major interest rate benchmarks. The report has been prepared based on information provided by each currency sub-group, each of which reported on progress against specific recommendations. Developments in both benchmarks for key interbank offered rates and nearly risk free benchmark rates are set out in sections 2 and 3 of the report. The FSB expects to publish a final report in 2017.

View FSB progress report on implementation of recommendations to reform major interest rate benchmarks, 19 July 2016