September 07, 2012 at 01:59 AM EDT
Investors Expect Libor to be Replaced Within Five Years
A key interest rate for more than $500 trillion of securities worldwide will be replaced by a benchmark subject to greater government control, according to a plurality of global investors. Forty-four percent of those responding to a quarterly Bloomberg Global Poll said the London interbank offered rate, known as Libor, will be supplanted by a [...]
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