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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