Economic Consultative Committee statement on LIBOR

Sir Mervyn King issued the statement after the meeting of the Economic Consultative Committee in Basel on Sunday 9 September.
Published on 10 September 2012

“The BIS Governors look forward with great interest to the recommendations of the Wheatley LIBOR Review, and to the reports of other official groups examining reference rates used in financial markets. The BIS Governors have agreed to set up a group of senior officials to take forward examination of these issues, and to consult with the market in order to provide input into the wider official debate coordinated by the Financial Stability Board.”

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