Britains Financial Services Authority Announces Removal of Libor Powers
Mark Scott, NYT [includes text of Wheatley’s prepared remarks]: “On September 28, 2012 – Martin Wheatley, the managing director of Britains Financial Services Authority, will outline plans to increase oversight of the rate-setting process, which underpins more than $350 trillion of financial products like mortgages and student loans. As part of that effort, regulators are …