Canada reviews CDOR setting after Libor woes

Canada reviews CDOR setting after Libor woes
 

The subject of the review is CDOR, the Canadian Dealer Offered Rate. CDOR is determined daily by a survey of bid-side rates provided by the main market makers, including the major Canadian banks. The survey is posted by Reuters.
IIROC, the Investment Industry Regulatory Organization of Canada, is a self-regulatory entity that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
"While we are not aware of concerns at this time with the setting of CDOR, recent experiences with LIBOR point to a need for increased scrutiny of such survey-based... read more

 
13 July 2012 in Business, Views: 4
Source: Reuters
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