LIBOR Changes: Expanded Panel

According to Reuters:

The British Bankers’ Association said on Thursday it will change its definition of the London Interbank offered rate (Libor) to allow a greater number of institutions to participate in the daily rate fixing process.

The amendment, to be announced and implemented by the BBA on Friday, will allow the submission of rates from banks participating in the London market but without a physical base in the city.


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Posted by jck at 5:39 pm GMT on June 18th, 2009 | No Comments →

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