International Finance

Tag : what is libor


Transatlantic Exchange Operator to Takeover Scandal hit LIBOR

The winning subsidiary known as NYSE Euronext Rate Administration Limited is scheduled to complete the transfer by 2014. July 11,2013 : International Finance Magazine reports on the takeover of the traditional rate setter by an independent private company and a threadbare analysis of how the new mechanism shall prevent fraudulent rate setting by elite banks and...

Bank Penalties on Risk Management Failures Raise Enormously in U.K.

The Financial Conduct Authority has levied a fine of more than £ 292 million pounds ($458 million) against firms which have inadequate risk management controls.  June 19, 2013 : International Finance Magazine gives you the story on LIBOR manipulation and the impact of the Financial Services Act 2012 which has given more powers to exert pressure...