12/9/2013

Raimund Roeseler, head of banking supervision at German regulator Bafin, reportedly suggested that a governmental entity should review the setting of benchmark rates, including the London Interbank Offered Rate. "Reference prices that are only based on more or less random estimates are not sound," Roeseler told Welt am Sonntag. "The most relevant figures also need to be checked by a governmental body. It should not be left to the private sector alone."

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