RBI warns banks of LIBOR preparedness - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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RBI warns banks of LIBOR preparedness

In March, the UK’s Financial Conduct Authority (FCA) said that all LIBOR settings would either cease to be provided by administrators or no longer be representative. More than $350 trillion worth of estimated contracts across the globe are pegged to the Libor, which is the key interest rate benchmark for several major currencies.

from Stocks-Markets-Economic Times
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