CFTC's Gensler voices concerns about benchmark rates

02/21/2013 | Bloomberg Businessweek

Gary Gensler, chairman of the Commodity Futures Trading Commission, discusses the long-term future and possible replacements of the London Interbank Offered Rate. "Anchoring to real transactions is essential to have confidence in these benchmarks. ... One of the really challenging things is how systemic this is," Gensler said.

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