Bank of Canada to take over administration of overnight risk-free rate benchmark
The Bank of Canada announced
its intention on Tuesday to become the administrator of the
Canadian Overnight Repo Rate Average (CORRA), a key reference
rate for financial market transactions, when enhancements
to CORRA take effect next year.
its intention on Tuesday to become the administrator of the
Canadian Overnight Repo Rate Average (CORRA), a key reference
rate for financial market transactions, when enhancements
to CORRA take effect next year.
Posted by Reuters
