Which organization administers LIBOR as of 2014?

The correct choice is that the Intercontinental Exchange (ICE) administers LIBOR as of 2014. This change took place when ICE acquired the rights to oversee the calculation and publication of the London Interbank Offered Rate, commonly known as LIBOR. The administration of LIBOR was earlier managed by the British Bankers Association (BBA), which focused on setting and publishing various benchmark rates based on contributions from member banks. However, following a series of scandals related to the manipulation of LIBOR submissions, the oversight was transferred to ICE in an effort to enhance transparency and integrity in the rate-setting process. The ICE Benchmark Administration (IBA), a subsidiary of ICE, now manages LIBOR and is responsible for ensuring that the rate reflects the actual borrowing costs of banks in the interbank lending market. This restructuring was part of broader reforms to improve the reliability of benchmark rates used in financial contracts and transactions.