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LONDON INTERBANK OFFERED RATE
Libor switchover for loan disputes & defaults may be a snag for banksAfter allegations of manipulation and collusion by big global banks, the end of Libor began in 2017, with 2023 decided as the last year in ...23 Mar, 2023, 08.29 AM IST- SBI set to embrace new benchmarks in LIBOR transition“LIBOR Transition is a significant financial event for international financial markets,” said Ashwini Kumar Tewari, Managing Director (Inte...30 Dec, 2021, 02.15 PM IST
- Libor limbers up for 'Y2K' walk into a $265 trillion sunsetY2K in the end saw few major incidents but regulators are taking no chances with Libor, with banks busy testing their systems.13 Dec, 2021, 12.54 PM IST
- RBI relaxes norms to help banks migrate away from LIBORThe central bank decided to amend the guidelines related to export credit in foreign currency and restructuring of derivative contracts.07 Aug, 2021, 09.49 AM IST
- RBI relaxes norms to facilitate LIBOR migration, how!The central bank decided to amend the guidelines related to export credit in foreign currency and restructuring of derivative contracts.06 Aug, 2021, 02.15 PM IST
- LIBOR is dying, but markets not ready to let it goThe London Interbank Offered Rate or Libor, once dubbed the world's most important number, will be replaced at the end of December with "ri...10 May, 2021, 11.53 PM IST
- New US credit benchmarks gain traction as Libor deadline approachesInvestors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate.26 Apr, 2021, 02.07 PM IST
- ICICI Bank executes first transaction with alternative rate“Transition from LIBOR to ARR is a critical event in financial markets,” said B. Prasanna, Group Head - Global Markets, Sales, Trading and ...21 Jan, 2021, 08.51 PM IST
- Shaken by London Interbank Offered Rate scam, India to tweak key rate in JulyA month from now, Indian banks and bond houses will start dealing with a new Mibor that regulators believe would be less prone to bias or m...18 Jun, 2015, 06.21 AM IST
- At UBS, rate manipulators called each other 'Superman', 'Hero'The London Interbank Offered Rate and the Euro Interbank Offered Rate are benchmark reference rates used in both the UK and international f...19 Dec, 2012, 02.19 PM IST
- British Bankers Association bows out of role as Libor's chief arbiterBritish Bankers Association, the body that has been in charge of setting Libor since 1986, officially bowed out of its role as the chief ar...27 Sep, 2012, 01.29 AM IST
- Determination of 'London Interbank Offered Rate' must be above suspicionThe scandal involving the Libor, which serves as a benchmark for determining the rate of interest, has already cost Barclays dear.05 Jul, 2012, 06.21 AM IST
- ET in the classroom: Lens on LiborThe Libor fixing scandal has put an unwelcome spotlight once again on the world of banking and highly paid bankers.04 Jul, 2012, 05.28 AM IST
- ET in classroom: Libor LessonsBanks set their own Libor, and each day tell a central entity how much interest they estimate they would have to pay on such loans.30 Jun, 2012, 02.00 AM IST
- Sri Lanka to benefit from RBI's $2 billion swap arrangementSri Lanka will benefit from the RBI's $ 2 billion swap arrangement aimed at strengthening regional cooperation.21 May, 2012, 09.40 PM IST
- Reliance Industries targets $1.5 bn overseas loansReliance Industries Ltd (RIL), India's largest company by market value, is in talks with banks to arrange as much as $1.5 billion in dollar...22 May, 2011, 01.16 AM IST
- Libor drops, signals credit thawThe cost of borrowing in dollars in London fell for a sixth day as signs the worst of the global financial turmoil may be over made banks l...04 Apr, 2009, 12.00 AM IST
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