European regulators prepare for turf war over Libor

08/22/2013 | Euromoney magazine (London)

A draft EU legislative proposal indicates that European regulators see the London Interbank Offered Rate as falling under their jurisdiction. However, NYSE Euronext recently won a bid to take over administration of Libor. Meanwhile, the International Organization of Securities Commissions and the U.K. Financial Conduct Authority have both published guidelines for the benchmark.

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Euromoney magazine (London)

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