On 5 March 2021, the UK’s Financial Conduct Authority (the FCA) announced that all LIBOR settings will either cease to be provided by any administrator or will no longer be representative by 31 ...

Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR ...

NEW YORK/LONDON, July 2 (Reuters) - Officials from the Bank of England and Britain's financial watchdog missed several opportunities to investigate how banks set the London interbank offered rate, now ...

The London Interbank Offer Rate, commonly known as Libor, has been called "the world's most important number." It is the basis for calculating interest rates on everything from mortgages to student ...

REUTERS - The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group ...

It’s time to stop “postponement syndrome” over the expiration of the London interbank offered rate. There can be no more stalling. In March, Federal Reserve Vice Chair for Supervision Randal Quarles ...