Monday, 30 July 2012

UK: LIBOR and the Wheatley Review

HM Treasury has published further information about the review of LIBOR to be undertaken by Martin Wheatley, the chief executive designate of the new Financial Conduct Authority and current head of the Conduct of Business Unit at the Financial Services Authority: see here. A discussion paper will be published on 10 August and Mr Wheatley's report is expected by the end of the summer in order to permit the Government to include, if necessary, legislative changes in the Financial Services Bill currently before Parliament.

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