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NYSE Euronext tapped to run Libor: report

NYSE Euronext Inc., the operator of the New York Stock Exchange, has been chosen to run Libor, the benchmark interest rate that has been at the centre of a global rigging scandal, people familiar with the matter said on Tuesday.

The decision will be announced shortly by Britain’s finance ministry, the sources said.
Sky News said the U.S. group will pay a token sum of one pound ($1.5 U.S.) to acquire BBA Libor Ltd., the company which has previously had responsibility for administering the London interbank offered rate, commonly known as Libor.

http://www.theglobeandmail.com/report-on-business/internatio...



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