Regulatory authorities across the globe want to restore investors’ faith in interest rate benchmarks.
Regulatory authorities across the globe want to restore investors’ faith in interest rate benchmarks.
That’s why LIBOR, or the London Interbank Offered Rate, may be replaced by a “dual-track system [that uses] survey-based lending rates running alongside transaction-linked indices,” reports The Telegraph.
Read more on how the UK is lobbying for this system.
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