WASHINGTON, Nov 17 (Reuters) - The Federal Reserve said itis hosting a meeting on Monday with banks and regulators todiscuss the development of a reference rate alternative toLIBOR, the London interbank rate that was at the center of aglobal rigging scandal.
Expected participants in the discussion include Bank ofAmerica, Goldman Sachs, HSBC and centralbank officials from England, Europe and Japan.
The Fed said that the meeting, held at the New York Fed, isa step toward implementing recommendations issued by a FinancialStability Board report in July. (Reporting by Michael Flaherty)