8/30/2013

A task force established by the Financial Stability Board plans to report by June on possible alternatives to interbank offered rates. The panel is led by U.K. Financial Conduct Authority CEO Martin Wheatley and U.S. Federal Reserve Governor Jeremy Stein. It will "focus its initial work on the interest rate benchmarks that are considered to play the most fundamental role in the global financial system," according to the FSB.

Full Story:
Bloomberg

Related Summaries