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KM Financial Solutions | RPT-New York Fed to launch U.S. Libor contender, slow takeup seen
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RPT-New York Fed to launch U.S. Libor contender, slow takeup seen

02 Apr RPT-New York Fed to launch U.S. Libor contender, slow takeup seen

Posted at 10:00h in News by
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April 3 (Reuters) – The New York Federal Reserve will launch
a benchmark U.S. rate on Tuesday to potentially replace Libor,
and market participants hope it will prove more reliable after a
long and complex switchover.

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