{"id":19405,"date":"2014-09-07T19:22:53","date_gmt":"2014-09-07T17:22:53","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=19405"},"modified":"2014-09-07T19:30:13","modified_gmt":"2014-09-07T17:30:13","slug":"libor-reform","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/libor-reform\/","title":{"rendered":"LIBOR Reform?"},"content":{"rendered":"<p>Federal Reserve Governor Jerome H. Powell on Libor: \u00a0My hope is that governments, market participants, and end users can work together to build a stronger foundation for the reference interest rates that are so critical to our financial system. Implementation of these measures is clearly in the interest of U.S. financial stability. I also hope and expect that individual financial institutions will understand that it is also in their private interests. Reference rates are one of the foundations of the financial system, and it is in the interest of everyone, from the residential mortgage holder to the financial institutions that heavily use these rates, that those foundations have integrity and be well constructed and resistant to manipulation. \u00a0The problems with LIBOR have undermined the public&#8217;s trust in the financial system. In light of the need to regain that trust, I am certain that our reform efforts will meet with the active cooperation of financial institutions in carrying forward these reforms. <a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/09\/Reforming-London-Interbank-Overnight-Rate.pdf\" target=\"_blank\"><strong>Reforming London Interbank Overnight Rate\u00a0<\/strong><\/a><\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/libor-reform\/libor-reform\/\" target=\"_blank\" rel=\"attachment wp-att-19406\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-19406\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/09\/Libor-Reform-300x178.jpg\" alt=\"Libor Reform?\" width=\"300\" height=\"178\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/09\/Libor-Reform-300x178.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/09\/Libor-Reform-500x297.jpg 500w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/09\/Libor-Reform.jpg 987w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><!-- [if gte mso 9]&gt;--><\/p>\n<p><!-- [if gte mso 9]&gt;--><\/p>\n<p>&nbsp;<\/p>\n<p><!--StartFragment--><\/p>\n<p><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Governor Jerome H. Powell on Libor: \u00a0My hope is that governments, market participants, and end users can work together to build a stronger foundation for the reference interest rates that are so critical to our financial system. Implementation &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/libor-reform\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-19405","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Federal Reserve Governor Jerome Powell talks about the importance of LIBOR and the need for reform\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Lily Fleur\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/libor-reform\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"LIBOR Reform? 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