Journalism of Courage
Libor
LIBOR NEWS
RBI tells banks to complete transition from LIBOR by July
May 13, 2023 3:58 am
New transactions are now predominantly undertaken using SOFR and the Modified Mumbai Interbank Forward Outright Rate (MMIFOR), the central bank said. SOFR is considered a more accurate and more secure pricing benchmark.
Libor, long the most important number in finance, dies at 52
January 13, 2022 11:28 am
Known as Libor, the interest rate bench mark once underpinned more than $300 trillion in financial contracts but was undone after a yearslong market-rigging scandal came to light in 2008.
RBI allows banks to provide 10-year loans to exporters
May 22, 2014 1:14 am
Facility is available with certain conditions, including an interest rate limit of 200 bps above the Libor.
Defence Ministry may scrap deal with AgustaWestland by invoking integrity pact
October 10, 2013 3:57 am
Ministry believes there is enough ground to invoke integrity pact.
NYSE Euronext to administer Libor rate
July 10, 2013 3:24 am
NYSE Euronext,the operator of the New York Stock Exchange
RBS faces fines to settle Libor probe
November 02, 2012 7:50 pm
Royal Bank of Scotland said it may face fines in relation to how it set Libor.
UK watchdog to mend,not end,Libor
September 28, 2012 11:08 am
Libor is so deeply entrenched in the financial system that it cannot be easily replaced.
'Libor case shows Barclays flawed'
August 18, 2012 10:08 am
The standards and culture of Barclays,and banking more widely,are in a poor state,a UK parliamentary report said.
Central bankers eyeing whether Libor needs scrapping
July 19, 2012 6:25 pm
Libor is used for $550 trillion of interest rate derivatives contracts and influences.
'Manipulative' Barclays penalised $451mn
June 28, 2012 7:41 pm
Barclays manipulated interest rates,according to the accusations.
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