Featured White Papers
- Enterprise PBX buyer's guide (VoIP-News)
- 5 Strategies for Making Sales the Engine for Growth (AchieveGlobal)
- Enterprise PBX comparison guide (VoIP-News)
Content provided in partnership with
BBA to keep close eye on Libor rate
Independent, The (London), May 31, 2008
Business News IN BRIEF
*The British Bankers' Association said yesterday that it would strengthen the oversight of its Libor rates after an annual review into the way it sets the global interest rate benchmark, which has become seriously distorted by the credit crisis. "The details will be published in due course," the BBA said, adding that it had made no changes to the list of banks that contribute to its Libor rate- setting process. The BBA brought forward its annual review by a month after facing criticism that its Libor rates do not accurately reflect bank-to-bank borrowing costs.
Copyright c 2008 Independent Newspapers UK Limited. All rights
owned or operated by The Independent.
Provided by ProQuest Information and Learning Company. All rights Reserved.
