Risk-Based Approach Urged for LIBOR Replacements As banks and other financial services organizations move away from the London InterBank Offered Rate (LIBOR), the Office of the Comptroller of the Currency (OCC) has issued a bulletin that includes a self-assessment guide to help firms evaluate their preparedness for the end of LIBOR. In the “LIBOR Transition:… Read More >>
LIBOR Fallout: Lloyds Fires Eight
Lloyds Banking Group, which this past summer paid $370 million to settle charges in the U.S. and the U.K. that between 2006 and 2009 it had been involved in the manipulation of the London Interbank Offered Rate (LIBOR) and other benchmark interest rates, reports that eight employees have been dismissed in connection with the scandal…. Read More >>
