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 ...

May 31, 2023 – The UK Financial Conduct Authority announced that the three-month USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023. UBS AG is issuing ...

Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR ...

The Punt likes to think of itself as a champion of plain speaking, but the latest outbreak of unchecked honesty at the UK's financial regulator has us stumped. Yesterday Adair Turner (pictured), ...

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 ...