Banks Drop Plans To Leave LIBOR

Banks have dropped their plans to withdraw from the panel that sets the London Interbank Offered Rate after the U.K.’s Financial Services Authority warned them in letters that it had the power to force them to remain.

  • 14 Feb 2013

Banks have dropped their plans to withdraw from the panel that sets the London Interbank Offered Rate after the U.K.’s Financial Services Authority warned them in letters that it had the power to force them to remain.

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