The UK Financial Services Authority has unveiled a 10-point plan to revamp LIBOR (the London Interbank Offered Rate) but has stopped short of scrapping the benchmark interest rate. "The system is broken and needs a complete overhaul," said Martin Wheatley, FSA managing director and CEO-designate of ...
Read this article at Pushing the Reset Button on LIBOR
Read this article at Pushing the Reset Button on LIBOR