Europe moves to stop benchmark rigging after Libor scandal
- 11 years ago
European Union regulators are putting forward new rules to stop the rigging of benchmarks for interest rates and commodity prices.
That was in response to the scandal involving banks distorting the information provided for the London Interbank Offered Rate.
That benchmark - known as Libor - is used to set the interest rates for home loans and credit cards around the world.
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http://www.euronews.net/
That was in response to the scandal involving banks distorting the information provided for the London Interbank Offered Rate.
That benchmark - known as Libor - is used to set the interest rates for home loans and credit cards around the world.
...
http://www.euronews.net/