Live~NRGY

http://business.financialpost.com/2013/01/10/canadian-version-of-libor-needs-reform-iiroc/

This definitely merits a review of existing practices and long term oversight. The question begs to be asked ! Why has there not been any regulatory input into this process???

…”Despite its role as the mainspring of much of the bond market, no regulator has direct responsibility for Cdor, the banks involved employ complex and often inconsistent methodologies in coming up with their submissions and transparency is lacking, according to a review by Investment Industry Regulatory Organization of Canada that was published on Thursday.”…