The phase out of the London Interbank Offered Rate ("LIBOR") continues apace and we are now approaching the finish line for transition away from LIBOR to reference free rates ("RFRs"). On June 30, ...

Islamic finance providers have been slow to make the transition away from LIBOR, as the replacement benchmark rates pose challenges in the context of Sharia compliance The phase-out of the London ...

Five former Barclays traders jailed in Britain for manipulating global benchmark interest rates can mount a fresh appeal after the Criminal Cases Review ...

Bankers used it until the end. Regulators say good riddance after its infamous fall. By Lananh Nguyen and Jeanna Smialek The London interbank offered rate, a number that spent decades as a central ...

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 ...

Regulators are ramping up efforts to end Libor trades by year-end. The Commodity Futures Trading Commission last week told brokers that facilitate derivatives trading among large banks that they ...

Within the financial sector, few topics are hotter right now than the manipulation of the London Interbank Offered Rate, or Libor. Libor, essentially, is the average benchmark for different interest ...

The London Interbank Offered Rate, or LIBOR, will die on Jan. 1, 2022 — sort of. The 36-year-old British invention served as the world’s benchmark for short-term interest rates, helping banks from ...

Libor is calculated for multiple terms each day by the British Bankers’ Association based on submissions received from 16 global banks. The four highest and the four lowest submissions are disregarded ...

The London interbank offered rate, or Libor, that banks say they charge each other for three-month loans in dollars was little changed for the third consecutive day as financial institutions remained ...

The London Interbank Offered Rate, a number that spent decades as a central force of international finance and was used in setting interest rates on everything from mortgages to student loans, has ...