IBA consults on error policy: IBA is consulting on its LIBOR error policy. It explains its thinking and asks several specific questions, including:
- the intraday refix cut-off time;
- preferred materiality thresholds;
- notice periods for change in thresholds; and
- number of decimal places to which LIBOR should be published.
It asks for comment by 19 September (Source: IBA Consults on Error Policy)