Regulators want feedback on changes for benchmark rates

02/26/2013 | Reuters · Bloomberg Businessweek · Wall Street Journal, The

The Commodity Futures Trading Commission says it will seek more public input on how to repair financial benchmarks, such as the London Interbank Offered Rate, before releasing a report in late spring or summer. "What we're collectively looking at is how to enhance the rules around conflicts of interest, governance, submitters, administrators," Chairman Gary Gensler said. Meanwhile, regulators want to settle with some banks regarding Libor manipulation by the end of summer, sources say.

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