UK endorses Wheatley report to fix Libor

Martin Wheatley

Recommendations on restoring trust to Libor were accepted and implemented by the UK government today (October 18), a key step towards reforming the setting of the interest rate benchmark.

The government fully endorsed recommendations made by Martin Wheatley, chief executive-designate of the Financial Conduct Authority (FCA), and instructed all institutions involved in the process of setting Libor to implement them. Wheatley was asked by UK chancellor George Osborne in July to consider how the

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: