U.K. Mulls LIBOR Change

31 Jul 2012

George Osborne, the U.K.’s Chancellor of the Exchequer, has set out guidelines for a review of the London Interbank Offered Rate to be conducted by Martin Wheatley, managing director of the Financial Services Authority and ceo-designate of the Financial Conduct Authority, suggesting that the review should consider replacing the current LIBOR with one based on actual traded rates.

George Osborne, the U.K.’s Chancellor of the Exchequer, has set out guidelines for a review of the London Interbank Offered Rate to be conducted by Martin Wheatley, managing director of the Financial Services Authority and ceo-designate of the Financial Conduct Authority, suggesting that the review should consider replacing ...

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