LIBOR Rate Rigging

Replacing LIBOR

40 years of LIBOR comes to an end. This article covers why LIBOR is being replaced, the markets impacted and steps to transition from LIBOR to SOFR....

22 September, 2019

The Secured Overnight Financing Rate (SOFR) to Replace LIBOR For new transactions as of April 1, 2018, the old IBOR will continue to be used for existing swaps and loans. As of today, The New IBOR (SOFR) will be used to measure the cost of borrowing...

10 May, 2018

LIBOR rigging trial end w/ 14 yrs in prison

Libor Rigging Trial Ends With 14 Year Sentence

FIRST TRIAL IN LIBOR MANIPULATION CASES The news came across the tape as London opened. The judge returned a guilty verdict in the LIBOR rigging case. This was the first LIBOR rigging case that went to trial. The defendant was sentenced to spend 14 years behind...

14 September, 2015

LIBOR Rate Rigging

LIBOR Rigging Scandal Heads to Court

After 7 years of preparation, the UK courts are bringing individuals to trial as the LIBOR scandal heads to court. SUSPICIOUS DEATHS & SUICIDES You may recall during 4Q13 and 1Q14 when 12 bankers committed suicide. The stories are as varied as they are sordid. The media...

09 June, 2015

LIBOR Rate Rigging

The LIBOR Scandal

This three-part Video on the USD LIBOR Rigging of 2008 covers what happened, how the rigging was discovered and how much money it cost the market....

03 May, 2014

LIBOR Rate Rigging

LIBOR Reset Rate

The London Interbank Offered Rate (LIBOR) reset rate is coming home. The USD LIBOR reset rate will now be administered by The Intercontinental Exchange (ICE). ...

09 July, 2013

The USD LIBOR Scandal 2008

The aftermath of the LIBOR Scandal, with links and resources on what happened, how to repair the damage and what lies ahead. ...

31 January, 2013

LIBOR Rate Rigging