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This is a significant contribution to the work the British Bankers' Association and the regulatory authorities have been undertaking to ensure the integrity of the benchmark.
The British Bankers' Association said:
"This is a significant contribution to the work the British Bankers' Association and the regulatory authorities have been undertaking to ensure the integrity of the benchmark. The BBA is providing the research and findings from its current review to the Wheatley review and is engaging constructively with the Parliamentary Commission on Banking. The absolute priority of everyone involved in this process is to ensure the provision of a reliable benchmark which has the confidence and support of all users, contributors and global regulators."
