BBA Consults on LIBOR Reforms

The British Banking Association is seeking public comment on its proposals for a phased discontinuation of certain currencies and maturities from the current LIBOR compilation and publication process by the end of March 2013. The consultation follows a recommendation by the government-led Wheatley Review that LIBOR should no longer be compiled or published for currencies and tenors for which there is insufficient trade data to corroborate submissions.

Comments on the consultation paper should be submitted by December 8, 2012.

Click here to view the news item containing a link to the Wheatley Review.