The manipulation of the benchmark interest rates included the London Interbank Offered Bank ("LIBOR"), the Euro Interbank Offered Rate
("EURIBOR") and Euroyen Tokyo Interbank Offered Rate
("TIBOR") (collectively, "IBOR").
Summary: The company behind the New York Stock Exchange, or NYSE, will take over running and restoring confidence in the scandal-hit London interbank offered rate
, or Libor, a UK committee has ruled.
The bank said that it had responded to all requests for information from authorities in Europe, North America and Asia Pacific relating to the setting of rates at London Interbank Offered Rate
(Libor), Tokyo (Tibor), the Euro Interbank Offered rate
(Eubibor) and the Singapore rate(Sibor).
Barclays, embroiled in scandal over LIBOR rate fixing in the UK, is one of four international banks on the 12 bank panel that sets the Emirates Interbank Offered Rate
Abu Dhabi, 27 Aug: The United Arab Emirates central bank will set up a new panel of providers for the interbank offered rate
, adding four local banks and dropping two international lenders, a treasury official said.
Rates have fallen some 15 baA[degrees]sis points since the UAE bank regulator said it was in talks to establish an official interbank offered rate
for the dirham to better reflect market conditions.
Dubai: The UAE Central Bank has announced that it is in discussions with banks to establish an official Emirates Interbank Offered Rate
(Eibor) to serve as a benchmark for the dirham in a bid to better reflect current market conditions.
The three-month Saudi interbank offered rate
fell to 3.
Interests on the notes are indexed to the London Interbank Offered Rate
, payable monthly (or quarterly) in arrears.
Rottenberg says the one-year loan, placed on behalf of a Virginia-based developer, was priced 225 basis points over the one-month London Interbank Offered Rate
Interest on the class A-1, A-2, A-3, A-4 and B notes is indexed to the three-month London interbank offered rate
(LIBOR) plus a spread.
Summary: Citibank will no longer be part of the panel of the Emirates Interbank Offered Rate
, or Eibor, the group that fixes the interest rates charged by lenders for interbank transactions.