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Monday, May 28, 2018

Fed's Dudley urges quick shift from scandal-hit Libor rate

World financial markets must continue to quickly and safely shift from the scandal-plagued Libor reference rate to alternatives including a U.S. option that was born just last month, a Federal Reserve official leading the transition said on Thursday.

Read more... https://www.reuters.com/article/us-usa-fed-dudley/feds-dudley-urges-quick-shift-from-scandal-hit-libor-rate-idUSKCN1IP150

Reuters: Business News

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