7/10/2013

The Hogg Committee's decision to give NYSE Euronext, which is being acquired by IntercontinentalExchange, authority to supervise the London Interbank Offered Rate retains London's jurisdiction to supervise the benchmark while acknowledging its importance to the global financial markets. Meanwhile, the move allows Jeff Sprecher, chief executive officer and founder of ICE, to add another pillar of global finance to his operations.

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