- BoE's Carney says shift to fully-transaction based reference rates for financial contracts was "necessary and, over time, would happen"
Market news
17 July 2017
BoE's Carney says shift to fully-transaction based reference rates for financial contracts was "necessary and, over time, would happen"
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Says libor controls now much tighter, but libor use to underpin $350 trillion of contracts "not desirable"
Market Focus
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