FSB publishes a statement on the use of the ISDA spread adjustments in cash products
FSB OSSG Supports Use of the ISDA Spread Adjustments in Cash ProductsThe FSB’s Official Sector Steering Group (OSSG) requested that the International Swaps and
Derivatives Association (ISDA) undertake an initiative to strengthen contractual fallbacks in
derivatives referencing key interbank offered rates (IBORs) in July 2016, and the OSSG engaged
regularly with ISDA and other stakeholders during the significant programme of work that ISDA
has undertaken since then.
Please find the statement here.