Duffie: regulators may push swaps market off Libor

Even reformed Libor no longer a viable reference rate, says FSB adviser

Darrell Duffie - Stanford University
Darrell Duffie: overnight lending rates are most suitable option for benchmarks

Regulators may need to act if banks are to shift liquidity in the swaps market away from Libor towards a reference rate based on overnight lending rates, according to a senior adviser to the Fin