The annual review of STIBOR 2023 – Results
The 2023 annual review of STIBOR and the underlying market suggests that STIBOR reflects the underlying market and the economic reality it aims to measure. However, analysis made by the Swedish Financial Benchmark Facility suggests the following to be conducted during 2024.
- Analysis of the reporting of the Bid to Offer Spread (BOS) application in the Calculation Agent System
SFBF shall conduct further analysis on how to streamline the panel bank reporting to achieve a process representative across all panel banks.
- Minor addition to the STIBOR Panel Bank Code of Conduct, section 7.4 related to panel bank reporting requirements to the Administrator.
A minor addition to the STIBOR Panel Bank Code of Conduct, section 7.4, which expresses the obligation of the panel banks to address any changes to the model and to share more details if required, shall be added.
The updated STIBOR Panel Bank Code of Conduct documentation will come into effect on 23 January 2024.
The above have been reviewed by the STIBOR Oversight Committee and approved by the governing bodies of the SFBF. In accordance with the STIBOR Consultation Policy the minor addition to the STIBOR Panel Bank Code of Conduct does not constitute a basis for a public consultation.