The Business Times

Libor

Banking & Finance

StanChart welcomes 'clarity' from UK court ruling over replacement rate for Libor

Three major scandals in relatively quick succession, along similar lines and involving the oil trading industry’s biggest players, suggest the misconduct can’t be brushed aside as one-offs.
Opinion & Features
THE BOTTOM LINE

The oil market has worrying echoes of the Libor scandal

Sora, administered by the Monetary Authority of Singapore (MAS), is the volume-weighted average cost of borrowing Singapore dollars on the interbank market overnight.
Singapore

Singapore bids Libor farewell with surge in Sora derivatives

“Global markets need alternative means to price. This is the tentative solution,” Bangko Sentral ng Pilipinas assistant governor Johnny Noe Ravalo says.
ASEAN Business

Philippine central bank creates temporary benchmark rate to replace Libor

FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Companies & Markets

US interest rate swap market embraces new rate as Libor deadline nears

FILE PHOTO: Financial Conduct Authority's (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo
International

UK regulator makes 'final call' to switch off Libor

Under plans in development since 2019, eligible eurodollar futures will be converted to SOFR equivalents at a fixed spread of 26.161 basis points.
Companies & Markets

The once-mighty eurodollar futures contract fades away

Such moves in the Libor are usually driven by expectations of Federal Reserve interest rate hikes.
Banking & Finance

Libor up to 14-year high amid year-end funding focus

The former Deutsche Bank trader was a key witness in the 2018 trial of Matthew Connolly and Gavin Black, who were accused of conspiring to rig the London interbank offered rate for years.
Banking & Finance

Ex-Deutsche Bank trader gets guilty plea tossed out, US$1m fine returned

Libor limbers up for 'Y2K' walk into a US$265t sunset
Banking & Finance

Libor limbers up for 'Y2K' walk into a US$265t sunset

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