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New York Fed President William Dudley's remarks at Stern are highlighted

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Excerpt from Bloomberg Businessweek -- "This combination, a more robust and resilient LIBOR for transactions that require a reference rate with a bank credit risk component and the development of an alternative reference rate for transactions like interest rate derivatives that don't, will strengthen our financial system and help undo some of the damage caused by earlier transgressions."

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Additional coverage appeared on Bloomberg Businessweek, NASDAQ, Reuters and The Wall Street Journal.