Interest rates: Libor – a benchmark to fix
An investigation into how key financial reference points are set has cast doubt on a process at the heart of the lending industry, write FT Reporters
Libor investigation
Resources
Regulators from around the world are probing alleged manipulation by big US and European banks of the London interbank offered rate and other key benchmark lending rates
BBA to launch crackdown on Libor rates
Group to lead team working on updating rules to ensure confidence in validity of rate following increasing criticism over divergence from market data
Deutsche Bank gets data request in Libor probe
German lender says in its annual report that the DoJ, CFTC, SEC and Brussels were among the watchdogs that had subpoenaed it or requested information
Bankers embark on Libor rethink
Can Libor be saved? The British Bankers' Association is trying. It has kicked off talks on whether and how to revamp the way borrowing rates between banks are calculated
Regulators consider Libor overhaul
UK officials and global banks are rethinking the calculation and regulation of interbank lending rates amid claims of benchmark manipulation
UBS suspends traders in Libor probe
Inquiry has widened in recent weeks, with more than a dozen staff fired, suspended or placed on leave at different banks
Related content and features
Video
More FT video
Comment and analysis
I devised the formula that came to be known as Libor
From Mr Minos A. Zombanakis. Sir, Your article ‘London’s rate retains the edge’ suggested that the London interbank offered rate had been invented in the 1980s
BBA must restore confidence or lose role
The Financial Services Authority should be prepared to take Libor away from the British Bankers’ Association if it cannot restore confidence
Libor probe shines light on voice brokers
Regulators in the US, Canada, Europe and Japan are examining whether the middle men of rate-setting have colluded with traders to influence markets
Libor penalty
Now that investigations into possible manipulation of the rate have accelerated, the extent of possible damages may be too scary for lawmakers to implement
Bank lending probe lights up dark financial corners
Too often the quarry slips away for lack of evidence or of quotable sources, or because PR officials are waving libel laws in our face
Probe reveals scale of Libor abuse
Regulators are investigating how certain traders seemed to influence the movement of benchmark rates to profit from related derivatives
Libor probe will supply new anti-banking munitions
Pro-business commentators must reiterate that wholesale finance is not all legalised theft and that rascality is not a ‘sine qua non’ for employment
More stories
