Tag: Finbarr Hutcheson

• Monday, January 20th 2014 - 22:26 UTC

  New body to regulate Libor; several big league banks fined for rate-rigging

  

  A new body has been appointed to administer Libor - the London Interbank Offered Rate. A subsidiary of the Intercontinental Exchange Group (ICE), a global network of exchanges and clearing houses, has been appointed to ensure Libor cannot be rigged by banks again.