muses of the moment

July 10, 2013

Chuckle of the Day

Filed under: Economic Crisis, Odds 'n ends — totallygroovygirlfriday @ 10:05 am

NYSE Europe will take over admin of LIBOR.

From the article link:

“The fact they are handing this to a derivatives exchange is a surprise,” Peter Lenardos, a financials and exchange analyst at RBC Capital Markets in London, said by telephone today. “It just doesn’t seem independent enough. They are taking the setting of Libor from the banks and giving it to an exchange not known as a benchmark provider.”

It’s no surprise to gg.

Click here.

Oh, that makes me feel so much better….


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