FSA announces final plans for Libor reform

Administrator forced to manage conflicts of interest

Martin Wheatley
Martin Wheatley

The UK's Financial Services Authority (FSA) has finalised new rules for overseeing the calculation of the Libor benchmark in the wake of the Libor-rigging scandal last year.

Following a consultation paper published in December of last year, the FSA has now confirmed its final regulations for the financial benchmark. The FSA announced it would directly regulate the new Libor administrator – still to be chosen – which will replace the British Bankers' Association (BBA) in administering the Libor

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