CFTC's Gensler softens call to scrap Libor

09/19/2013 | Reuters

Gary Gensler, chairman of the Commodity Futures Trading Commission, who in the past said the best way to fix the London Interbank Offered Rate was to kill it, said Thursday that change for the better is possible for Libor if it is done on a global scale. However, he noted that it would take a good deal of time to make such changes.

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