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Regulators say more data needed to repair Libor

Benchmark’s administrator is finding it hard to recruit more banks to supply vital information

The body in charge of reforming the financial benchmark known as the “world’s most important number” needs more data, according to a group of international regulators.

The Financial Stability Board, a global committee of financial regulators, said in a report Thursday that Intercontinental Exchange., which administers the London interbank offered rate, doesn't yet have access to enough information to improve the benchmark's quality.

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