Libor in need of ‘massive makeover’, CFTC’s Chilton says


Two days before the chief executive-designate of the new UK Financial Conduct Authority (FCA), Martin Wheatley, is expected to announce sweeping changes to Libor, commissioner Bart Chilton of the US Commodity Futures Trading Commission (CFTC) has called for a complete overhaul of the setting of the benchmark borrowing rate.

In his Mansion House speech this Friday, Wheatley is expected to announce an end to the British Bankers' Association's (BBA) responsibility in setting the interbank lending

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:

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 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: