NYSE Euronext takes on oversight of Libor

07/9/2013 | Bloomberg

NYSE Euronext will take over the administration of the London Interbank Offered Rate from the British Bankers' Association. "Our primary focus is restoring the credibility and integrity of Libor, which we think will be an important benchmark for years to come," said Finbarr Hutcheson, CEO of NYSE Euronext-owned, London-based derivatives market Liffe. "We'll run it as a commercial business, but our role in restoring the market's trust in Libor is our biggest concern."

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