The Working Group on European Exchange has reportedly deviated from the guidelines issued by international markets on fallbacks for swaps , favouring a forward - looking term similar to the term IBORs , which coincided with the results on the market ’s first consultation on four other swap ##s .
The Working Group on European RFRs has reportedly deviated from the guidelines issued by international regulators on fallbacks for swaps, favouring a forward-looking term rate to replace term IBORs, which clashes with the results on the market’s first consultation on four other swap currencies.