Exclusive - Foundations for post-Libor system sliding into place

LONDON (Reuters) - Critical steps for replacing Libor could be taken by next year, British industry officials told Reuters, increasing the chances of a smooth transition from the interest rate benchmark used to price financial contracts worth tens of trillions of pounds.

from Reuters: Top News http://uk.reuters.com/article/uk-banks-libor-markets-exclusive-idUKKBN1AQ1X9?feedType=RSS&feedName=topNews