Providing quotes for Libor could become mandatory, FSA head says

08/10/2012 | Reuters · Bloomberg · Wall Street Journal, The

Martin Wheatley, managing director of the U.K. Financial Services Authority, said banks could be required to contribute to setting the London Interbank Offered Rate. Making submissions mandatory -- rather than voluntary, as they are now -- would improve Libor's credibility, said Wheatley, who is scheduled to release a review of the benchmark.

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