[Asia Economy Reporter Park Sun-mi] With the LIBOR rate calculation set to be discontinued in January next year, financial authorities and major banks are in the final stages of preparation. Banks are ...
LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
The Hogg Tendering Advisory Committee, which has overseen the selection of a new administrator to calculate the LIBOR (London Interbank Offered Rate) benchmark lending rate following the scandal of ...
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