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Libor scandal

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  • Friday, 29 January, 2021
    Libor trader Tom Hayes released after five-and-a-half years in prison

    Former UBS and Citigroup trader was first to be found guilty in global conspiracy to manipulate benchmark interest rate

  • Friday, 4 December, 2020
    News in-depthUS financial regulation
    US banks welcome delay to Libor switch affecting $200tn in assets

    Financial industry has been struggling to make the shift away from the US dollar rate

  • Monday, 30 November, 2020
    Benchmark reform
    Banks set to be granted reprieve on US Libor cut-off deadline

    Benchmark underpinning $200tn in contracts will be published as late as 2023 under new plan

  • Friday, 20 November, 2020
    Special ReportFT Intelligent Business
    Banks turn to AI as regulators press for Libor exit

    Financial institutions are under pressure to move faster on their switch from the scandal-hit benchmark

  • Wednesday, 18 November, 2020
    Dollar Libor left behind in shift away from tainted benchmark

    Reform of lending rate embedded in everything from mortgages to derivatives poses huge challenges

  • Thursday, 10 September, 2020
    News in-depthFT Alphaville
    Why Libor’s demise threatens small businesses most

    The London Interbank Offered Rate (Libor) became a cornerstone of the global financial system’s lending markets. As its death nears, it’s becoming increasingly apparent smaller businesses will bear the brunt of the pain.

  • Tuesday, 4 August, 2020
    Michael Troege
    Libor and Euribor replacements are also vulnerable

    Scandal-hit interbank lending rates need reform starting with greater accountability

  • Thursday, 16 April, 2020
    Personal Finance
    £1m-plus mortgage borrowers pay over the odds

    Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 

  • Thursday, 27 February, 2020
    Watchdog tells asset managers to drop Libor products

    FCA increases pressure on CEOs to ‘take proactive steps’ to quit tainted rate

  • Promoted Content
  • Wednesday, 26 February, 2020
    Benchmark reform
    BoE puts squeeze on Libor lending to encourage shift

    Central bank makes it tougher to borrow against the tainted benchmark

  • Thursday, 23 January, 2020
    Gillian Tett
    The world needs a Libor for carbon pricing

    Setting a price would make it easier to run economic models and explain choices to voters

  • Thursday, 16 January, 2020
    Benchmark reform
    UK regulators launch fresh push to switch away from Libor

    Banks have until September to stop issuing cash products linked to sterling benchmark

  • Wednesday, 18 December, 2019
    Central banks
    Markets must speed up efforts to ditch Libor, warns watchdog

    Financial Stability Board urges ‘significant and sustained’ work to adapt to new benchmarks

  • Friday, 1 November, 2019
    FT SeriesSomeone is wrong on the internet
    The stablecoin anathema 

    Pegging is naturally centralised.

  • Tuesday, 22 October, 2019
    InterviewBenchmark reform
    Libor reformer welcomes jolt from repo market

    Banker overseeing switch to Sofr says change is coming despite rate volatility

  • Friday, 18 October, 2019
    UK’s SFO closes its 7-year Libor probe

    Anti-fraud agency criticised for not ending investigation sooner

  • Tuesday, 24 September, 2019
    News in-depthFT Alphaville
    Why a reliance on experts poses a regulatory conflict   

    And why ultimately everything’s conflicted in our highly specialised and esoteric financial market.

  • Monday, 23 September, 2019
    John C. Williams
    NY Fed president Williams urges shift away from Libor

    Central banker says banks should resist ‘sticking their metaphorical heads in the sand’

  • Monday, 19 August, 2019
    Europe’s banks warned on ending rate benchmark

    Call to speed up preparations for start of new €STR benchmark in October

  • Wednesday, 10 July, 2019
    Markets InsightOTC markets
    Why investors must face up to Libor’s demise

    Impending death of the benchmark poses complex problems

  • Friday, 5 July, 2019
    Tail RiskPhilip Stafford
    Regulators will be watching as banks scrap Libor

    Transition from tainted benchmark represents big conduct risk for lenders

  • Thursday, 4 July, 2019
    Jury clears ex-Deutsche Bank executive of rigging Euribor

    The verdict is another blow for the UK Serious Fraud Office’s attempts to convict bankers

  • Monday, 1 July, 2019
    Benchmark reform
    Sonia rate makes loan debut with National Express deal

    First for loan market marks step forward in move away from Libor

  • Tuesday, 25 June, 2019
    Former Deutsche exec denies helping rig Euribor

    Andreas Hauschild tells court it would not be ‘proper’ to try to influence rates

  • Tuesday, 11 June, 2019
    Former Deutsche executive accused of cheating on Euribor

    Andreas Hauschild was part of a group manipulating interest rate benchmark, court told

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