FED HOSTS MEETING ON LIBOR

 

The US Federal Reserve…


US Federal Reserve says it will host a meeting with market participants to discuss reference rate alternatives to Libor benchmark.

 
Expected participants in the Fed’s Libor discussion include Bank of America, Goldman Sachs, HSBC and central bank officials from England, Europe and Japan.

 

 

The Fed said that the meeting is a step toward implementing recommendations issued by a Financial Stability Board report in July.

 
Source: Reuters / Nov. 17, 2014

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