interest.co.nz – Xander Snyder looks at the GFC derived loss of public trust in technocrats highlighted by the demise of LIBOR

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    In July, the Financial Conduct Authority, which regulates Libor, announced that the rate would be phased out over the next four years, ending in 2021. It’s unclear what will replace it, but whatever it is won’t be as easy for bankers to manipulate. – Xander Snyder

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