IntercontinentalExchange Group has announced that ICE Benchmark Administration (IBA) will become the new administrator of the London Interbank Offered Rate (LIBOR). The FCA confirmed formal authorisation to IBA to administer LIBOR effective from 1 February 2014. IBA replaces BBA LIBOR Limited, which had been performing the role of interim benchmark administrator for LIBOR since April 2013.

View ICE benchmark administration to become new administrator of Libor on February 1, 2014, 17 January 2014

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