Effective as of February 1, 2014, Intercontinental Exchange (ICE) Benchmark Administration Ltd. took over as the new administrator of LIBOR. A new administrator to replace the British Banker's Association (BBA) is one of the...more
This month, the UK Financial Conduct Authority formally authorised ICE Benchmark Administration Limited (IBA) to assume responsibility for the administration of the London Interbank Offered Rate (LIBOR).
LIBOR, or London InterBank Offered Rate, is a rate representing the average rate at which a LIBOR contributor bank can obtain unsecured funding in the London interbank market for a given period and...more
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