The post Ex-Barclays bankers jailed in Britain for rigging Euribor
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According to Reuters, the former Barclays banker was convicted by a London jury of conspiring to manipulate global Euribor
The Belgian Financial Services and Markets Authority is not expected to assess whether Euribor
, which is in the process of being reformed, will become BMR compliant until late 2019.
, the eurozone equivalent of London's Interbank Offered Rate (Libor), uses estimates of eurozone banks as a basis to define the day's interbank lending rate, that is the fees banks have to pay, if they need to borrow money from fellow lenders.
In total, four financial institutions were involved in a cartel which rigged the Euribor
rate and six in a cartel which manipulated the Tibor rate.
RBS will pay the PS325million fine for their role in the attempted rigging of the Yen Libor and Euribor
RBS will pay 391m euros (PS325m) for its role in the attempted rigging of the Yen Libor and Euribor
- the Tokyo and euro area equivalents of the London interbank offered rate (Libor).
RBS will pay the PS325m fine for its role in the attempted rigging of the Yen Libor and Euribor
The executive distinguished two types of infringement: one concerning euro interest rate derivatives (Euribor
), which involved four institutions, and the other consisting of one or more bilateral cartels concerning yen (JPY) interest rate derivatives, involving six entities.
Bulgarian commercial banksa interest rates for retail and business loans will depend on market benchmark indices LIBOR and EURIBOR
, according to a draft law proposal.
The search last week was ordered by prosecutors in the southern city of Trani who launched a criminal probe into possible manipulation at Euribor
after complaints from two consumer groups.
The penalties from UK and US regulators, including a record pounds 59.5 million fine from the Financial Services Authority, followed allegations it manipulated Libor and Euribor
interbank lending, which govern the rates at which banks are prepared to lend to each other in the wholesale money markets.