Bank said Isda could play more active role in benchmark administration
The Bank of England has called in early
March the next meeting of its working group to find an
alternative to the much-maligned Libor benchmark rate, marking
the group’s second meeting this year in what is a
A spokesman for the Bank of England told
FOW the next meeting of the group, which comprises senior
figures from the 15 largest banks and representatives of the
central bank, the Financial Conduct Authority, trade body the
International Swaps and Derivatives Association, and clearing
house LCH.Clearnet, will take place on Tuesday March 1.
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