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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