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

Monday, January 20th 2014 - 22:26 UTC

Full article 2 comments

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. Read full article

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Narine T. Nüster
”A subsidiary of the Intercontinental Exchange Group (ICE), a global network of exchanges and clearing houses”

Well, golly, that's it then! We won't be seeing anymore rigging of that rate again, now that the power has been taken away from the bankers and given to the OWNERS of the banks.

I'm sure that'll do it.
Jan 21st, 2014 - 03:28 am - Link - Report abuse 0
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ChrisR
@ 1 Whatever your tag is

So you would give it to that bastion of proberty herself: TMBOA?

Ha, ha, ha.
Jan 21st, 2014 - 02:13 pm - Link - Report abuse 0
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