(Bloomberg) -- Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into swaps and other contracts worth hundreds of ...
This analysis is by Bloomberg Intelligence Senior Analyst Sarah Jane Mahmud. It appeared first on the Bloomberg Terminal. Banks face their biggest regulatory challenge in decades as the world’s most ...
LONDON/NEW YORK (Reuters) - Barclays alerted U.S. regulators as far back as 2007 to concerns that banks were rigging benchmark interest rates, according to documents released on Friday, but ...
LONDON/VIENNA/NEW YORK, May 16 (Reuters) - Bankers on both sides of the Atlantic are addressing problems with Libor, the leading global benchmark rate for inter-bank borrowing, while one brokerage is ...
The advent of a new calendar year means many things. For municipalities with outstanding bank loans or interest rate swaps, 2020 may be the year when many first hear about the long-planned phase-out ...
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The demise of the London Interbank Offered Rate (LIBOR) has ...
Differences in LIBOR replacement rates could upset complex deal structures. Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on ...
WASHINGTON, July 25 (Reuters) - U.S. Treasury Secretary Timothy Geithner, under pressure for not doing enough to stop fraudulent manipulation of a key benchmark interest rate, told lawmakers on ...
New legislation would ease benchmark transition for tough-to-amend contracts governed by NY law. New York State Senator Kevin Thomas has introduced a bill that would provide a legislative fix for ...
This article was written by Adam Peralta, Global Head of Product Rates e-Trading and Adam Lister IRS e-Trading Product Manager at Bloomberg. As January comes to a close, the overriding message from ...
Bankers used it until the end. Regulators say good riddance after its infamous fall. By Lananh Nguyen and Jeanna Smialek The London interbank offered rate, a number that spent decades as a central ...
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