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​Financial-market participants must work together to replace Libor, Carney says

( November 29, 2017, 16:59 GMT | Official Statement) -- MLex Summary: UK banks, traders and other financial-market participants must come together to eliminate obstacles and prepare to replace the scandal-plagued London Interbank Offered Rate with an alternative interest-rate benchmark by 2021, the governor of the Bank of England has said. In a speech, Mark Carney called on the e FICC Market Standards Board — the industry body overseeing fixed income, currency and commodity trading — to reduce the scope for different interpretations of post-crisis conduct standards.The speech is attached....

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