Libor may be replaced by a new system next year. FT says discussions are centered around a...

|By:, SA News Editor

Libor may be replaced by a new system next year. FT says discussions are centered around a dual-track system wherein a survey-based approach (the old model) would operate concurrently with a transaction-based index (the new model). Presumably, such a setup would retain the stability of the traditional model, while incorporating an element of objectivity.