An industry-led committee — convened under the auspices of U.S. and international regulators — has narrowed its scope of potential replacements to the widely referenced and ignoble interbank offered rates to two, but there's still a long way to go before an heir is crowned.
source http://www.americanbanker.com/news/law-regulation/proposed-alternative-to-libor-faces-tough-road-ahead-1081114-1.html
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