FSB said progress has been made but more work is required to complete the job
The Financial Stability Board has issued a
broadly positive update on various efforts to reform
controversial industry benchmark rates such as Libor in the
wake of the rate-fixing scandals but added "more work is
The FSB, which is chaired by Bank of
England governor Mark Carney, said in a statement on Tuesday
the relevant regulators have taken steps to ensure the tighter
regulation of the European, UK and Japanese interest rate
benchmarks, known as inter-bank offered rates (Ibors).
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.