An interesting idea to reform LIBOR over at Findata
13th Oct 08, 7:16pm
by
Fraser Guthrie over at findata.co.nz has an interesting idea to break the freeze on inter-bank markets. All that inter-bank trade that sets the London Interbank Offer Rate (LIBOR) should be moved to an exchange, he says.
Get rid of the opaque Interbank market and its evil twin the "Off Balance Sheet" exposure by moving to force banks to deal only on exchangesWorth a look.
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