ICE Benchmark Admin Lays Out Libor Plans

ICE has also outlined plans to transition to calculation of Libor.

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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 outsta

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