Secret Libor Committee Clings to Anonymity Following Scandal [1]

Bloomberg
By Liam Vaughan - Aug 21, 2012

Every two months, representatives from the world’s largest banks meet at an undisclosed location to review the London interbank offered rate [2].

Who sits on the British Bankers’ Association’s Foreign Exchange and Money Markets Committee [3], the body that governs the benchmark for more than $300 trillion of securities worldwide, is a secret. No minutes are published. The BBA won’t identify any members, saying it wants to protect them from being lobbied, and declined to make the chairman available for interview.

To read the rest of this story, visit Bloomberg.com. [4]