Exchange plans to revise methodology after volume of transactions falls
Exchange, through its subsidiary ICE Benchmark Administration
(IBA), has made new proposals for the calculation of Libor,
amid concern that levels of unsecured interbank lending have
declined too much for a purely transaction-based system to
level of activity remains too low in some tenors to fully to
support an entirely transaction based rate, ICE said in
statement on Monday, reinforcing a Financial Stability Board
report in July that said the Libor calculation should be moved
"to the greatest extent" to a methodology based on transaction
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