Libor

Time and again, benchmark prices that rely on market honesty have shown vulnerability to manipulation

SINGAPORE’S financial markets have rapidly switched to a new lending benchmark as the city-state joins the world in saying goodbye to the discredited London interbank offered rate.

THE Philippine central bank announced on Wednesday (Jun 21) the creation of an alternative reference rate that will be adopted by financial institutions as they work to end use of the tarnished London...

New trades in the enormous US dollar interest rate swap market have almost entirely stopped using the London Interbank Offered Rate (Libor) as the deadline for its demise approaches.

Markets participants have a month to stop using Libor, the tarnished interest rate banks were fined for trying to rig, Britain’s Financial Conduct Authority (FCA) said on Wednesday (May 31).

A cornerstone of the US interest-rates market for a generation of traders mostly ceased to exist after Friday (Apr 14).

THE three-month London interbank offered rate for dollars climbed to the highest level since the financial crisis in an otherwise quiet day for the front-end of fixed income markets.

A FEDERAL judge in New York vacated the guilty plea of a former Deutsche Bank trader who admitted to conspiring with others to manipulate the Libor interest-rate benchmark, after an appeals court over...

[LONDON] Bankers and regulators will be at their screens on New Year's Eve to see if what was once dubbed the world's most important number slips quietly into the history books.