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Market News
15.07.2019, 13:46

New York Fed President Williams: Biggest challenge is a willingness on the part of the market to stop using Libor

  • Says he doesn't always sense urgency from market participants to shift language in contracts away from USD Libor
  • Industry can't wait on Libor shift
  • Libor is a leading risk to financial stability
  • We are now at a critical polit in the timeline
  • Consumer products are a critical area where industry needs to focus because it's going to be challenging

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