Regulator extended on Wednesday Libor oversight to seven other benchmarks
Britain’s Financial Conduct
Authority has pledged to continue to lead global regulators in
the crusade for appropriate price setting mechanisms as it
extended its oversight to include seven other UK-based
The FCA extended on Wednesday its current
oversight of the London Interbank Offered Rate (Libor) to
include seven new UK-based financial benchmarks.
"The FCA has been leading the
international work-stream on how benchmarks are regulated," FCA
spokesperson Lara Joseph told FOW on Wednesday. "Our work on
benchmarks has helped to develop the internationally agreed
standards adopted by regulators, providers and users of
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