Bloomberg News

Replacing Libor Would Be a ‘Challenge,’ Dougan Tells Le Temps

July 20, 2012

Replacing Libor would be a “challenge” given the number of contracts linked to the rate, Le Temps reported, citing an interview with Credit Suisse Group AG Chief Executive Brady Dougan.

Credit Suisse has done internal studies with respect to the setting of Libor rates and the firm isn’t aware at this time of a “significant problem” in this area, the Swiss newspaper cited Dougan as saying.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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