The Hogg Tendering Advisory Committee for LIBOR announced BBA has accepted its recommendation that NYSE Euronext be the next LIBOR administrator. A new company, NYSE Euronext Rate Administration Limited, must now get FCA authorisation, and BBA will work to transfer responsibilities to it. BBA Libor Limited has issued plans for an interim regime. The transfer should happen in early 2014. (Source: NYSE Euronext to be Next LIBOR Administrator and BBA Libor Issues Interim Regime Documents)