NYSE Euronext Takes Over Libor Administration

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July 9 (Bloomberg) -- Britain will hand over administration of the London interbank offered rate to the operator of the New York Stock Exchange as regulators try to revive confidence in the scandal-hit benchmark. NYSE Euronext will replace the British Bankers’ Association as Libor’s administrator in early 2014, the London-based lobby group that started the benchmark more than two decades ago said in a statement today. Liam Vaughan reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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