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BBA LIBOR Consultation

7 Oct 2013

The BBA’s absolute priority has been to restore confidence in Libor as a reliable benchmark. We are looking at whether we can strengthen the integrity of the benchmark by reducing the risk of inaccuracies. This objective accords with a number of guidelines and standards which have recently been published by national and supranational authorities. Certain of these standards expressly require administrators to publish policies for communicating errors and any subsequent re-fixings which is why we are now consulting on these proposed changes.

Please view the consultation document via the link below

ILOC - BBA Libor Joint CP on LIBOR Re-fixing
 
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