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With End In Sight, Industry Mulls Life After Libor

Law360, London (August 11, 2017, 5:02 PM BST) -- The end of Libor, the benchmark rate at the center of a multibillion-dollar global rigging scandal, is drawing another step closer as Britain’s finance watchdog was due to close a consultation on Saturday on how it will force banks to contribute to setting the standard — and now attention is turning to what will replace it in the longer term.

Financial Conduct Authority Chief Executive Andrew Bailey called time on the London Interbank Offered Rate last month, saying a lack of confidence and unwillingness among banks to use...
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