UK 'open-minded' in search for new Libor administrator
An independent UK government committee led by Baroness Hogg has begun the hunt for a new organisation to co-ordinate Libor submissions and oversee the setting of the benchmark rate, to replace the British Bankers' Association.
The committee is now seeking expressions of interest. Applicants must complete a pre-tender questionnaire, and those that meet the required standard will be invited into the tender process.
A spokesperson for the UK Treasury said the committee would keep an open mind when it came to selecting a new
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