The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Wed, 06 May 2026 11:32:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Replacing the LIBOR with a Transparent and Reliable Index – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Replacing the LIBOR with a Transparent and Reliable Index https://corpgov.law.harvard.edu/2013/01/04/replacing-the-libor-with-a-transparent-and-reliable-index/?utm_source=rss&utm_medium=rss&utm_campaign=replacing-the-libor-with-a-transparent-and-reliable-index https://corpgov.law.harvard.edu/2013/01/04/replacing-the-libor-with-a-transparent-and-reliable-index/#comments Fri, 04 Jan 2013 13:58:14 +0000 http://blogs.law.harvard.edu/corpgov/?p=37778?d=20150105104146EST Posted by June Rhee, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Friday, January 4, 2013
Editor's Note:

The following post comes to us from Rosa M. Abrantes-Metz, Principal at Global Economics Group and Adjunct Associate Professor at New York University Stern School of Business, and David S. Evans, Chairman of the Global Economics Group in the firm’s Boston office.

Our LIBOR Reform Articles describe the main problems with the current LIBOR setting, put forward a proposal on how to reform LIBOR through a committed quote system (“CLIBOR”), and explain why the final Wheatley Review proposal on how to reform LIBOR, and its reasons for stopping short of our proposals, are not satisfactory for putting LIBOR on solid ground.

We have developed an alternative process of providing and disseminating reliable information on interbank lending and borrowing that we call “Committed LIBOR” or “CLIBOR.” We submitted this to the Wheatley Review for its consideration. The new process would stand on three pillars: Commitment, Transparency, and Governance.

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