Wall Street warned by U.S. regulators to speed up Libor exit

wall street warned by u s regulators to speed up libor exit

Sumary of Wall Street warned by U.S. regulators to speed up Libor exit:

  • Libor challengers A number of Libor challengers — from the American Financial Exchange Ameribor to ICE Bank Yield Index — have been gaining some traction in recent weeks, or at least garnering more attention..
  • Securities and Exchange Commission Chair Gary Gensler argued that the Bloomberg rate “presents similar risks to financial stability and market resiliency”…

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