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Showing 41 to 50 of 156 search results for new use of US dollar LIBOR.
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Barclays fined £59.5 million for significant failings in relation to LIBOR and EURIBOR
The Financial Services Authority (FSA) has today fined Barclays Bank Plc (Barclays) £59.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR). This is the largest fine ever -
LIBOR transition – the critical tasks ahead of us in the second half of 2020
Speech delivered by Edwin Schooling Latter, Director Markets and Wholesale Policy at the FCA, at a webinar hosted by the International Swaps and Derivatives Association 14 July event on 'The Latest in LIBOR Transition, The Path Forward'. -
Lloyds Banking Group fined £105m for serious LIBOR and other benchmark failings
In relation to LIBOR, the firms’ misconduct between May 2006 and June 2009 included:. ... LIBOR is by far the most prevalent benchmark reference rates used in euro, US dollar and sterling OTC interest rate derivatives contracts and exchange traded -
Martin Brokers (UK) Limited fined £630,000 for significant failings in relation to LIBOR
The misconduct involved Martins deliberately disseminating incorrect or misleading LIBOR submission levels by:. ... LIBOR is by far the most prevalent benchmark reference rates used in euro, US dollar and sterling OTC interest rate derivatives contracts -
UK EMIR news
Read our archive of news relating to EMIR dating back to August 2013. -
The FCA and the Bank of England encourage market participants in a switch to RFRs in the LIBOR cross-currency swaps market from 21 September
Following close engagement with authorities across LIBOR jurisdictions and with market participants, the FCA and Bank of England support and encourage liquidity providers in the LIBOR cross-currency swaps market to adopt new quoting conventions for -
Ending reliance on LIBOR: Overview of progress made on transition to overnight risk-free rates and what remains to be done
Speech by Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA, delivered at the Investment Association, London. -
FCA fines five banks £1.1 billion for FX failings and announces industry-wide remediation programme
The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 -
FCA statement on LIBOR panels
The Financial Conduct Authority (FCA) has confirmed that all 20 of the panel banks have agreed to support the LIBOR benchmark ensuring the sustainability of the rate until 2021. -
FS23/2: Decisions on US dollar LIBOR – feedback to CP22/21
In April 2023, following your feedback on proposals to use our Benchmarks Regulation (BMR) powers on US dollar LIBOR, we confirmed our approach. We now publish our Feedback Statement and next steps.