Libor may remain standard as Fed raises questions

05/5/2008 | Financial Times (free content)

The London interbank offered rate, better known as Libor, may stave off a push to create a rival in New York as the Federal Reserve casts skepticism on domestic efforts. Libor has been increasingly criticized in the U.S. for being too influenced by the costs of European banks. The Fed prefers plans that reform the way Libor is constructed.

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