The scandal-plagued Libor benchmark is likely to be replaced by a dual-track system with survey-based lending rates running alongside transaction-linked indices as soon as next year.

饱受丑闻困扰的伦敦银行间同业拆借利率(Libor)基准可能将被双轨制体系取代，新体系由基于调查的贷款利率和与交易有关的指数组成，最快将于明年实施。

Martin Wheatley, the UK regulator leading efforts to reform the London Interbank Offered Rate, told the Financial Times a parallel system would provide continuity for holders of $350tn in existing contracts that reference Libor while also paving the way for a new benchmark tied more closely to objective data.

牵头Libor改革的英国监管者韦奕礼(Martin Wheatley)对英国《金融时报》表示，双轨制将为价值350万亿美元现有Libor参照合约的持有者带来连贯性，并为建立更紧密联系客观数据的新基准铺平道路。

But the plan could set up a conflict with US regulators, who recently called for a “prompt” switch to transaction-based rates. Gary Gensler, chairman of the US Commodity Futures Trading Commission, which spearheaded the Libor probe, told the FT the existing system was “unsustainable” in the long run because banks were not doing enough unsecured lending to make accurate estimates.

但该计划可能与美国监管机构产生冲突，后者近期呼吁“及时”改用基于交易的利率。美国商品期货交易委员会(CFTC)主席加里•詹斯勒(Gary Gensler)领导了对Libor的调查，他对英国《金融时报》表示，现有体系在长期内“不可持续”，因为各银行的未担保贷款数量不足以使它们做出准确的估计。

Global regulatory authorities want to move quickly to restore faith in interest rate benchmarks following the rate-manipulation scandal that has seen three banks pay more than $2.5bn in penalties on three continents with half a dozen other institutions facing fines.

全球监管机构希望快速行动，在利率操纵丑闻后恢复对利率基准的信任。在这场丑闻中，已有三家银行在向三大洲的监管机构支付了超过25亿美元的罚金，另外还有六家银行面临罚款。

Mr Wheatley, chief executive of the Financial Conduct Authority, said he believes market participants rather than regulators should make the final decision on how and when to scrap Libor.

担任金融市场行为监管局(Financial Conduct Authority)行政总裁的韦奕礼认为，对于如何及何时抛弃Libor的问题，最终决定权应在市场参与者而非监管机构的手中。