Group advises caution with any attempt to replace Libor

09/20/2012 | Reuters

Haste would be a mistake in any shift away from the use of the London Interbank Offered Rate, according to the International Swaps and Derivatives Association. "Libor must continue to be published," said ISDA Chairman Stephen O'Connor, noting that replicating the rate in all its usages would be a major and challenging task.

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