== Libor Administration == 

 Removing a recently added sentence about NYSE takeover of Libor administration because it is not directly relevant to the New York Stock Exchange. This page is about the stock ecxchange, its parent company is NYSE Euronext which is creating a new subsidiary, NYSE Euronext Rates Administration Limited (see announcement at http://www.bba.org.uk/media/article/bba-to-hand-over-administration-of-libor-to-nyse-euronext-rate-administrati), a London-based, UK registered company, regulated by the UK’s Financial Conduct Authority. (see chief executive of the BBA's article at http://www.cityam.com/article/libor-now-has-new-administrator-our-reforms-have-gone-much-further). This subsidiary will administer Libor from early 2014, while the New York Stock Exchange is a separate subsidiary of NYSE Euronext. The change in administration is covered on the pages for NYSE Euronext and Libor.