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Following the scandal, Libor to come under supervision of EU Paris-based regulator

Friday, June 7th 2013 - 07:52 UTC
Full article 15 comments

European authorities are to propose bringing control of the inter-bank lending rate, Libor, under the supervision of a Paris-based regulator. The draft regulation proposes moving oversight of the scandal-hit benchmark from London to the European Securities and Markets Authority (ESMA). Read full article

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  • ChrisR

    It is called the London Inter-bank Offered Rate and for good reason.

    France is now positioned financially worse off than the UK in the 1970's, in fact as bad as when the UK were under IMF orders due to the cunts in the Labour Party and their 'mates' the unions fucking the economy up, just like Blair and the cunt Brown:
    http://www.telegraph.co.uk/finance/financialcrisis/10093809/France-worse-off-than-UK-in-the-1970s-Axa-chief.html

    So they must be perfect for the PIBOR!

    Can't see it happening though.

    Jun 07th, 2013 - 12:20 pm - Link - Report abuse 0
  • Conqueror

    Of course they are. Incidentally, that's not “European” authorities, it's “Franco-German” authorities. And why would they do this? It's not as though the French know anything about money. Once you've gone through wine, cheese and shagging anyone who'll stand still long enough, you've just about exhausted their potential!

    Jun 07th, 2013 - 02:04 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    HAHAHAHAHAHAHAHA.

    London under the supervision of Paris. Fitting to rub it on the wound of the Brits.

    Jun 07th, 2013 - 02:09 pm - Link - Report abuse 0
  • Fido Dido

    “Libor to come under supervision of EU Paris-based regulator”

    Libor, city of london (independent of london), fraud!
    Libor, Paris, change of “leadership”, continue with the fraud!
    Does anyone believe business will change? Don't be naive, it's business as usual.

    latest FRAUD scandal in the city of london = London-based firm ICAP, the world's largest broker of interest-rate swaps. No matter where they go, you have to be naive to “trust” them. Other nations already figured that out, but sadly many naive people in the nations where the fraudsters operate, haven't realized that. Why? They continue to drink the kool-aid, that everything is great (duh, that's why nothing will get solved).

    THE MARKETS ARE RIGGED!
    http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425

    Jun 07th, 2013 - 02:55 pm - Link - Report abuse 0
  • Think

    To all the Turnips in here.....

    Anglo Banksters stealing trillions of dollars yearly from every single human being on this planet by rigging the “Free Market”........????

    No, noo, nooo..........!!!! That can't be possible...........!!!!

    Let's just concentrate on the real “Baddies” here.....:
    The progressive Latin-American governments that know exactly what the Anglo Banksters are doing.................. and rebell against them.

    Bad, baad, baaaaad dogs!
    (I like baaaad dogs;-)

    Jun 07th, 2013 - 03:37 pm - Link - Report abuse 0
  • Conqueror

    @3, 4, 5 Ain't going to happen, girls. It's only a “proposal”. And Paris will get excluded. How you going to “supervise” something you have no access to?

    Jun 07th, 2013 - 04:54 pm - Link - Report abuse 0
  • briton

    Let's just concentrate on the real “Baddies” here
    Yep
    But they are not all anglo??
    Corruption was here with the Romans and is still here today,

    And will still be here in a thousand years time,
    Unless you are Argentine, [apparently] they are neither dishonest nor corrupt,
    Depending on who is telling the story?

    As for the idiots in the EU,
    All this will do , is push the British nearer and nearer to the exit door.
    .

    Jun 07th, 2013 - 06:22 pm - Link - Report abuse 0
  • Anbar

    I like the way that el ThinkoDover seems to believe that Argentine bankers are suddenly going to be any different from any other bankers the world over.

    Such naivete is very amusing from somebody who claims so much intelligence, knowledge and worldly-wise attitudes.

    Naive, naive, naive.

    Jun 08th, 2013 - 02:04 pm - Link - Report abuse 0
  • saxon

    ?

    Jun 09th, 2013 - 07:25 pm - Link - Report abuse 0
  • Hepatia

    Basically London is the place where US bankers do the trades which would be illegal at home. I think its about time that it was cleaned up. This change will be one step to making London respectable.

    Jun 10th, 2013 - 03:47 pm - Link - Report abuse 0
  • Briton

    We agree with you=to a point?

    cilllit bang anyone !

    Jun 10th, 2013 - 07:10 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    Comment removed by the editor.

    Jun 11th, 2013 - 04:30 am - Link - Report abuse 0
  • Briton

    it must have been another anti rant-to be removed.

    Jun 11th, 2013 - 06:49 pm - Link - Report abuse 0
  • ChrisR

    @13 Briton

    No, it was all in Franc so I had it removed.

    Got to keep up the standards old chap, can't let Frog speak infiltrate our 'precious bodily fluids' (Dr. Strangelove).

    LOLs

    Jun 11th, 2013 - 09:35 pm - Link - Report abuse 0
  • Briton

    That true
    all they ever say is=read it, read it ..lol

    Jun 12th, 2013 - 06:19 pm - Link - Report abuse 0

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