Gensler-Wheatley Panel Aims to End Conflicts in Benchmark Rates

Regulators will seek to eliminate conflicts that have led to manipulation of benchmark lending rates while investigations into Libor continue around the world.

A panel led by U.S. Commodity Futures Trading Commission Chairman Gary Gensler and U.K. Financial Conduct Authority Chief Executive Officer Martin Wheatley will issue a report as soon as today with draft recommendations on how rates should be set and what oversight regulators should have.