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19.07 - 12:29
Why Libor needs a replacement benchmark
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fnlondon.comJ. Christopher Giancarlo served as chairman of the US Commodity Futures Trading Commission. He was previously an independent director of the American Financial Exchange, the sponsor of the Ameribor credit-sensitive benchmark interest rate. Bruce Tuckman is a clinical professor of finance at the Stern School of Business at New York University. He previously served as chief economist of the CFTC.
The 30 June date marked the end of the London interbank offered rate. Libor, as it’s better known, has been the world’s dominant...
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