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Wednesday, July 18, 2012

Central bankers eyeing whether Libor needs scrapping | Reuters

Central bankers eyeing whether Libor needs scrapping
| Reuters

"There are different alternatives if Libor cannot be fixed," Carney told a news conference in Ottawa.
"If it's structurally flawed and can't be fixed -- which is a possibility -- there may need to be different types of approaches, and we need to think that through."
King put the Libor issue on the agenda of the Economic Consultative Committee of global central bankers that will meet in Basel, Switzerland, on September 9, a central bank source said.

Pssst. They are on to us. We need to come up with a new scam.
 

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