UPDATE 1-Bank of Canada to take over administration of reference rate for swaps
The Bank of Canada announced on
Tuesday its intention to become the administrator of the
Canadian Overnight Repo Rate Average (CORRA), a reference rate
for financial market transactions, when enhancements to
CORRA take effect next year.
Tuesday its intention to become the administrator of the
Canadian Overnight Repo Rate Average (CORRA), a reference rate
for financial market transactions, when enhancements to
CORRA take effect next year.
Posted by Reuters
