Rosa Abrantes-Metz, David Evans, Aug 01, 2012
Last Friday, Martin Wheatley, the incoming chief executive of the Financial Conduct Authority, issued his final recommendations on how to fix the LIBOR — the scandal-ridden rate set by the British Banking Association based on submissions from a small group of large banks. Many of the recommendations are in line with what we had proposed in our submission to the Wheatley Review. Wheatley’s key recommended changes are as follows…
