CFTC's Gensler raises concerns about benchmark rates

02/21/2013 | Bloomberg Businessweek

Gary Gensler, chairman of the Commodity Futures Trading Commission, says he doubts the long-term viability of benchmarks such as the London Interbank Offered Rate. Gensler said Libor and other benchmarks are unstable and that their underlying markets are permanently disrupted, adding that "anchoring to real transactions is essential to have confidence in these benchmarks."

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