LIBOR Reform And Overhaul Sought By FSB's Martin WheatleyVW Staff
Libor, the London inter-bank lending rate, is considered to be one of the most crucial interest rates in finance. It is the benchmark against which over $300 trillion (196 trillion pounds) worth of securities, including mortgages, student loans and swaps, are priced. But U.S. and U.K. regulators found traders tried to rig Libor in a scandal that sparked public and political outrage and has to . . .
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