ICE Benchmark Administration (IBA), the firm that is now responsible for overseeing the setting of the LIBOR financial benchmark, is proposing further reforms to its calculation methodology, the firm ...

In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the ...

[Asia Economy Reporter Park Sun-mi] With the LIBOR rate calculation set to be discontinued in January next year, financial authorities and major banks are in the final stages of preparation. Banks are ...

Given the issues posed by the London Interbank Offered Rate (LIBOR) scandal and the resulting reforms to provide risk-free interest rates, the Reserve Bank of India established precise recommendations ...

REUTERS - The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group ...

The London Interbank Offered Rate is facing an undeserved crisis of confidence. Critics accuse Libor of being unreliable, too volatile and most damningly, open to manipulation. The Libor calculation ...