Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bernanke Says Alternatives to Libor Being Considered

April 25 (Bloomberg) -- Federal Reserve Chairman Ben Bernanke said today that “a new issue this year pertains to reference interest rates, which recent investigations have demonstrated were manipulated, particularly in the case of Libor.”

“The international regulatory community is taking actions to address the governance and the integrity of Libor and to consider transitions toward alternative benchmarks,” Bernanke said today during a meeting of the Financial Stability Oversight Council. He said the U.S. needs to cooperate in those efforts.

“Wholesale funding markets remain vulnerable to runs that could in turn trigger destabilizing fire sales,” Bernanke said. “To address such concerns the council recommends that the SEC consider regulatory action to improve the loss-absorption capacity of money market funds and mitigate run risk associated with those funds.”

To contact the editor responsible for this story: Kevin Costelloe at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.