UK REGULATOR PLANS MAJOR REFORM OF LIBOR SYSTEM
Britain's market regulator unveiled proposals for sweeping reforms of the much maligned London
Inter bank Offered Rate (LIBOR) but stopped short of recommending a replacement of the rate or basing it entirely on actual submissions by banks. The financial Services Authority, announced the 1 point reform plan to the rate used as a benchmark for the pricing of assets globally.
Inter bank Offered Rate (LIBOR) but stopped short of recommending a replacement of the rate or basing it entirely on actual submissions by banks. The financial Services Authority, announced the 1 point reform plan to the rate used as a benchmark for the pricing of assets globally.
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