Libor to Be Sustained Until 2021
The U.K.-based Financial Conduct Authority today announced that the London Interbank Offer Rate, or Libor, will continue to be supported by reporting banks until the end of 2021.
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Broad Repo Rate Recommended as Libor Alternative
The Alternative Reference Rate Committee on Thursday recommended a broad Treasuries repo financing rate as a preferred alternative to the London Interbank Offer Rate, or LIBOR.
FSB Publishes Progress Report on Interest Rate Benchmark Reforms
The global Financial Stability Board — made up of the U.S. Treasury and its counterparts in other developed countries — published a progress report today on its efforts to reform interest rate benchmarks such as the London Interbank Offer Rate, or Libor.
Deutsche Bank Pays $2.5 Billion to Resolve Libor Charges
Deutsche’s deferred prosecution agreement is the largest of the Libor-rigging settlements.