IBA has published a feedback statement to its summer update on the evolution of ICE LIBOR (seeFReD 7 August). Views received on the update suggest that benchmark submitters should transmit eligible transaction data to IBA, rather than submissions, and that IBA should calculate LIBOR rates from the transactional data. IBA and its LIBOR Oversight Committee are considering the feedback and IBA intends to issue a further paper in early 2016 setting the roadmap for the evolution of LIBOR. (Source: IBA Feeds Back on LIBOR Evolution)