Interest rate derivatives: Rates – a year in the market

	Interest rate derivatives poll In association with Total Derivatives
Global Winners	US Dollar
Euro	Yen
Sterling	Methodology

Interest rate derivatives: The rates business rated for 2008

Libor

Over the past 12 months, central banks have become adept at providing liquidity to the markets when and where it is required. As a result, systemic risk is reduced relative to mid-2007, although a few under-capitalized banks have failed.

However inter-bank Libor and Euribor rates have remained stubbornly wide to central bank rates, despite aggressive action by the Federal Reserve, European Central Bank and Bank of England.