U.S. markets regulator joins calls for speedy transition away from Libor
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WASHINGTON (Reuters) - The U.S. markets regulator on Friday added its voice to the chorus of global watchdogs calling for banks to promptly end their use of the Libor lending benchmark, warning that the industry was running out of time ahead of a 2021 deadline.The Securities and Exchange Commission wants to see banks begin the process of assessing their existing contracts' exposure to the London interbank offering rate, known as Libor, and to ensure that all new contracts move to an alternative..