Federal Reserve Chairman Ben Bernanke told Bloomberg today that “a new
issue this year pertains to reference interest rates, which recent
investigations have demonstrated were manipulated, particularly in the case of
Libor.”
“The international regulatory community is taking actions to
address the governance and the integrity of Libor and to consider transitions
toward alternative benchmarks,” Bernanke said today during a meeting of the
Financial Stability Oversight Council. He said the U.S. needs to cooperate in those
efforts…
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