BRITAIN ANNOUNCES LIBOR OVERHAUL
British regulatory authorities are preparing to overhaul Libor, the now discredited inter bank
lending rate that serves as a benchmark for the pricing of trillions of dollars of assets globally.
The review will examine whether banks should be required to submit actual figures on the trades
they make rather than the notional data as well as an improved governance system.
lending rate that serves as a benchmark for the pricing of trillions of dollars of assets globally.
The review will examine whether banks should be required to submit actual figures on the trades
they make rather than the notional data as well as an improved governance system.
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