Bank Negara Malaysia, in consultation with the Financial Markets Committee, is seeking feedback on a discussion paper, Alternative Reference Rate and Strategic Direction on KLIBOR and KLIRR for the Malaysian Financial Markets, issued on 19 May 2021.
The discussion paper, inter alia, sets out:
- the proposed design and features pertaining to the development of an Alternative Reference Rate (ARR);
- the potential enhancements to the Kuala Lumpur Interbank Offered Rate (KLIBOR); and
- a review of the Kuala Lumpur Islamic Reference Rate (KLIRR), including the potential discontinuation thereof.
The deadline for providing written feedback is 18 June 2021.
Originally published 21 May 2021
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