BUSINESS
08/21/2012 08:41 am ET Updated Oct 21, 2012

Libor Committee Clings To Secrecy

Every two months, representatives from the world's largest banks meet at an undisclosed location to review the London interbank offered rate.

Who sits on the British Bankers' Association's Foreign Exchange and Money Markets Committee, the body that governs the benchmark for more than $300 trillion of securities worldwide, is a secret. No minutes are published. The BBA won't identify any members, saying it wants to protect them from being lobbied, and declined to make the chairman available for interview.

Read more on Bloomberg