BBA LIBOR today announced that following the recommendations set out in the Wheatley Review, with effect from 1st July 2013, the publication of individual bank’s submissions to LIBOR will be embargoed for 3 months. The BBA also announced today that the publication of “same day” EURO LIBOR rates for 1 week and 1 month, will cease from 31st July 2013. These 2 rates were supplemental to the “spot” EUR LIBOR rates for all seven LIBOR tenors, which will continue as usual.read more
The process of reforming LIBOR takes some significant steps this week – principally the statutory regulation of benchmarking activities.read more
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