Replacing Libor Would Be a ‘Challenge,’ Dougan Tells Le Temps
By Giles Broom -
2012-07-20T22:00:01Z
Replacing Libor would be a “challenge” given the number of contracts linked to the rate, Le Temps reported, citing an interview with Credit Suisse Group AG Chief Executive Brady Dougan.
Credit Suisse has done internal studies with respect to the setting of Libor rates and the firm isn’t aware at this time of a “significant problem” in this area, the Swiss newspaper cited Dougan as saying.
To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net
To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.