Fed Libor Meeting Includes Barclays, Goldman Sachs
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The Federal Reserve is meeting with lenders including Barclays Plc, JPMorgan Chase & Co., Bank of America Corp. and Goldman Sachs Group Inc., in addition to the Japanese and U.K. central banks, to discuss alternatives to the London interbank offered rate.
The discussion today at the Federal Reserve Bank of New York is aimed at developing reference rates based on risk-free or near risk-free rates, the Fed said in a statement. It follows recommendations made in a July report by the Financial Stability Board, a group of international regulators.