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Prof. Rosa Abrantes-Metz on Libor rates and conflicts of interest

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Excerpt from Bloomberg -- “'There are hundreds of benchmarks with different features, but a common issue with some of the indices not based on actual transactions is the potential conflict of interest by the administrator who represents the market players and submitters themselves,' said Rosa Abrantes-Metz, an economist with New York-based consulting firm Global Economics Group Inc. and a professor at New York University’s Stern School of Business."

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