NYSE Euronext is tapped to supervise Libor

Next year, NYSE Euronext will start administering the London Interbank Offered Rate, replacing the British Bankers' Association. NYSE Euronext has pledged to restore confidence in Libor, which benchmarks more than $300 trillion in securities. "Exchanges are ideal 'aggregators' for important market-sensitive information such as Libor and derivatives," Bruce Weber, dean of the University of Delaware's Alfred Lerner College of Business and Economics, wrote in an e-mail. "The exchange will make the instrument's reporting entities give credible disclosures and the number will be made tradable."

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