BBA resigned to likely loss of Libor-setting role

hm-treasury

The British Bankers' Association (BBA) has issued a statement saying it will support the conclusions of the Wheatley review if the investigation recommends the association be stripped of its power as Libor rate-setter. The move comes following a news report stating the BBA had already voted in favour of relinquishing its role.

The UK government on July 2 commissioned a review of Libor to be headed by Martin Wheatley, the chief executive-designate of the UK's Financial Conduct Authority after

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: