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Will The Wheatley Recommendations Fix LIBOR?

BY | November 28, 2012

Rosa Abrantes-Metz, David Evans, Nov 28, 2012 The London Interbank Offering Rate has been called “the world’s most important number.” It is the primary benchmark for global short-term interest rates. LIBOR…

Rosa Abrantes-Metz, David Evans, Nov 28, 2012

The London Interbank Offering Rate has been called “the world’s most important number.” It is the primary benchmark for global short-term interest rates. LIBOR is used as the basis for settlement of interest rate contracts on many of the world’s major futures and options exchanges as well as most over-the-counter and lending transactions. The notional value of contracts, instruments, and transactions referencing it significan

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