CFTC Chairman Gensler Remarks on Benchmark Interest Rates

CFTC Chairman Gensler argued that not enough unsecured lending goes on between banks for "LIBOR" to be a genuine market-determined rate, and said that a substitute must be found.

See: Remarks of Chairman Gary Gensler at London City Week on Benchmark Interest Rates.See also: Current Topics: LIBOR and Financial Benchmarks (a compilation of related news stories).