NYSE Euronext Subsidiary Will Become New Administrator of LIBOR
NYSE Euronext Rate Administration Limited, a subsidiary of NYSE Euronext ("NYX"), announced that it has been appointed as the new administrator of LIBOR. Pending approval by the Financial Conduct Authority, the transition from the current administration, BBA LIBOR Ltd., a subsidiary of BBA, is expected to be completed in early 2014.
See: NYSE Euronext Press Release.