time-for-change

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.

Also check out:

Get rid of LIBOR, say U.S. regulators

How to reform LIBOR: CFA

Should LIBOR be scrapped?

Originally published on Advisor.ca

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