LIBOR Banks Look To Improve Benchmark

10 Aug 2012

The banks that set the London Interbank Offered Rate are looking to set the benchmark “on a very clean basis that takes their risk down,” according to Martin Wheatley, managing director of the U.K.’s Financial Services Authority.

The banks that set the London Interbank Offered Rate are looking to set the benchmark “on a very clean basis that takes their risk down,” according to Martin Wheatley, managing director of the U.K.’s Financial Services Authority. In a discussion paper linked to the review of the process, ...

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