BBA to beef up supervision of its Libor rates
Wednesday, June 4, 2008 : PermalinkReuters- The group in charge of setting Libor interest rates said on Friday it will strengthen oversight of the global interbank lending benchmark, months after it became seriously distorted by the credit crisis.
The British Bankers Association said on its website that details will be published in "due course," adding it had made no changes to the list of banks that contribute to its rate-setting process for London interbank offered rates, known as Libor.
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