The average—often referred to in the singular even though there are 35 rates—is called the London interbank offered rate (LIBOR). It is one of the best known and most important interest rates in the ...

Before 2008, most traders didn’t pay much attention to the difference between two important interest rates—the London Interbank Offered Rate (LIBOR) and the Overnight Indexed Swap (OIS ...

"The regulators want us to do it, but our customers don’t care. There’s a disconnect." And it’s not like Libor is fading away. US dollar Libor interest rate swaps stood at a mighty US$237trn at the ...

The average—often referred to in the singular even though there are 150 rates—is called the London interbank offered rate (LIBOR). It is one of the best known and most important interest rates in the ...

while other US Libor rates will continue to be published until June 30, 2023. The announcement gives US financial markets additional time to transition existing securities away from key US dollar ...

Many observers will have no sympathy for Tom Hayes, the former bank trader who was sentenced to 14 years – of which he served four-and-a-half – for rigging Libor interest rates. Unlike the sub ...

On October 1, 2024, the United Kingdom Financial Conduct Authority (UK FCA) phased out ‘Zombie’ LIBOR, as a transitional benchmark, with the move ...

In a 300 page complaint, he detailed an alleged conspiracy among banks that sit on LIBOR and Tokyo Interbank Offered Rate (TIBOR) panels of conspiring to fix these rates by submitting agreed-upon ...