BBA to review calculation of Libor, may consider revamp

05/9/2008 | Financial Times (free content)

The British Bankers Association is working on a review of the Libor to submit to its foreign exchange and money market advisory committee. The key advisory committee will use the report to decide whether the association needs to revamp the Libor. A major overhaul is not expected, however, because senior officials at the BBA have expressed concerns about radically changing the benchmark when the markets are in flux.

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