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By Kitty Donaldson |
October 2, 2012
The U.K.’s opposition Labour Party demanded new economic-crime law to help prevent future financial scandals such as the manipulation of the benchmark Libor rate.
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By Ben Moshinsky and Lindsay Fortado, Bloomberg |
September 28, 2012
Proposals to overhaul Libor, including enhanced powers for U.K. regulators to prosecute rate rigging, may be enacted early next year in a bid to revive confidence in the scandal-ridden benchmark and banking industry.
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By Gavin Finch and Liam Vaughan, Bloomberg |
September 26, 2012
The British Bankers’ Association signaled it will give up oversight of the London interbank offered rate following claims traders manipulated the benchmark.
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By Ben Moshinsky and Jim Brunsden, Bloomberg |
September 24, 2012
European Union lawmakers should enact tougher punishments for market abusers, including jail time, by the end of the year in response to the Libor scandal, the bloc’s financial-services chief said.
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By Joshua Gallu |
September 19, 2012
A group of regulators says the same lack of oversight that enabled traders to manipulate the London interbank offered rate plagues other benchmarks.
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By Liam Vaughan, Bloomberg |
August 21, 2012
Every two months, representatives from the world’s largest banks meet at an undisclosed location to review the London interbank offered rate.
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By Lindsay Fortado and Ben Moshinsky, Bloomberg |
August 10, 2012
The U.K.’s chief markets regulator said that material changes to the way Libor is calculated risks invalidating millions of financial contracts, covering products ranging from mortgages to derivatives.
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By Lindsay Fortado and Ben Moshinsky |
August 9, 2012
The U.K.’s chief markets regulator said banks that set the Libor interest rate are seeking a “scientific” process that will limit future liability.
