AUGUST 5, 2013
SFC's Ezra Zask, Jack Chen, and Jean-Baptiste Carelus have published new research on the growing scandal related to the manipulation of the ISDAfix rate by global banks, entitled "Understanding the ISDAfix Controversy and Its Potential Impact." SFC Associates Affiliated Expert Jack Chen was featured in a Bloomberg News article, commenting on the growing fallout of the ISDAfix scandal. From Bloomberg’s August 2nd article: “ISDAfix, more obscure than Libor, has the potential to affect more people’s lives” because it’s used by pension funds to hedge portfolio risks and by most companies or users of fixed-income derivatives, said Jack Chen, a financial consultant in New York who has written about the swaps benchmark and Libor for SFC Associates, a financial consulting firm specializing in litigation matters. “In three years, ISDAfix will be the bigger story and could be potentially bigger than Libor in terms of damages,” he said.
Read the article in its entirety here
Read the research paper here