ECB demands revamp of system for setting Euribor

11/15/2012 | Reuters

In the wake of issues concerning the London Interbank Offered Rate, the European Central Bank and national central banks in the eurozone called for an overhaul of the system that determines the Euro Interbank Offered Rate. "In the short term, the focus should be on improving the governance process, as well as on providing a clear road map for both the regulation and supervision of Euribor," according to an ECB paper.

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