britain\s libor system needs \complete overhaul\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Britain's Libor system needs 'complete overhaul'

Arab Today, arab today

Arab Today, arab today Britain's Libor system needs 'complete overhaul'

London - AFP

Britain's Libor rate needs a "complete overhaul" after the Barclays rate-rigging scandal, the financial regulator will say in a government-commissioned report due for publication Friday. The Financial Services Authority (FSA) is to recommend that the British Bankers' Association be stripped of its role in setting Libor, with the process handed over to a new group. The FSA must be given regulatory and sanctioning powers, the report is to say, according to an advance copy of a speech due to be delivered by FSA managing director Martin Wheatley. The Libor scandal erupted in June when Barclays bank was fined £290 million ($470 million, 363 million euros) by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain\s libor system needs \complete overhaul\ britain\s libor system needs \complete overhaul\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain\s libor system needs \complete overhaul\ britain\s libor system needs \complete overhaul\

 



GMT 07:02 2017 Monday ,27 November

Nissan GT-R/C races at Silverstone

GMT 10:06 2015 Saturday ,27 June

Chevrolet lifts lid on 2016 Camaro Convertible

GMT 18:51 2018 Friday ,26 October

Four Palestinians killed by Israeli gunfire

GMT 03:14 2016 Wednesday ,28 December

Kiir: National dialogue will end civil war in S. Sudan

GMT 03:07 2017 Monday ,19 June

Syrian army declares ceasefire in Deraa

GMT 09:00 2014 Tuesday ,02 December

Jewels no money can buy on show in Florence

GMT 18:59 2017 Friday ,08 December

Morocco summons UNSC permanent members' envoys

GMT 10:00 2017 Thursday ,06 April

We are trying to re-raise Egyptian cotton value

GMT 21:43 2017 Tuesday ,07 March

Singer George Michael died of natural causes
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday