Hogg Tendering Committee for LIBOR

The Hogg Tendering Advisory Committee for LIBOR (London Interbank Offered Rate) is an independent committee set up to recommend a new administrator for LIBOR. On 9 July 2013, the Hogg Tendering Advisory Committee announced that the British Bankers' Association (BBA) has accepted its recommendation that NYSE Euronext should be the new LIBOR administrator. LIBOR is an important benchmark which is used in a vast number of financial transactions, and as such it is vital for the stability and reputation of the UK financial services industry that it is properly administered.