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Uk Watchdog Tells Banks To Show Plans For Ending Libor Use - Latest News

UK watchdog tells banks to show plans for ending Libor use

LONDON (Reuters) - Banks must show how they plan to shift from using Libor in financial contracts to “risk-free” interest rate benchmarks by the end of 2021, Britain’s markets watchdog said on Thursda... read more

How to find the best mortgage rate for you: Five steps to save money on your home loan

Comparison websites cannot tell you how likely you are to be accepted by a particular lender — or show the true cost of a mortgage ... As a result, three in four borrowers end up going with one of the ... read more

The Tainted Water Crisis In Upstate New York That Andrew Cuomo Can’t Shake

The Pentagon has continued to use the foam, discharging it into pools near ... Once that review is complete, the agency plans to produce a report by the end of the year examining the rate and types of ... read more

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UK watchdog to require banks to publish data on service

LONDON (Reuters) - Banks in Britain will have to publish data every quarter from next year to show the quality of service they provide ... and published on a bank's website within six weeks of the end ... read more

EU tells key market services to be hard Brexit-ready by year end

LONDON (Reuters) - Credit rating agencies and trade repositories licensed in the European Union must show by the end of this year they could cope with Britain crashing out of the bloc without a tradin... read more

UK financial watchdog fines, bans former RBS Libor trader

LONDON: Britain’s financial watchdog said on Monday it had fined ... Danziger was dismissed by RBS over Libor-rigging at the end of 2011. The bank was fined £390 million by UK and US authorities for i... read more

UK to scrap Libor interest rate benchmark from end-2021

The head of Britain's financial markets watchdog said on Thursday that a substitute index for the Libor interest rate benchmark should be in place by the end of 2021. Libor is based on submissions fro... read more

Financial health in later life depends on what's happening to money today

Since your financial health in later life will depend on what’s happening to your money ... watchdog the Financial Services Authority (FSA) says many firms have failed to do this and believes customer... read more

Banks kept CPS in shaky bond market

If the banks chose to set the swap contracts in motion, the district had a plan. It would issue new, floating-rate bonds and use that money ... exceeded the Libor-based floating rate, the district's p... read more

Barclays corrupts Libor and more

The most important asset any bank has is trust ... million by US and UK authorities. Clearly, Diamond and Barclays's outgoing chairman, Marcus Agius, who will leave after helping find Diamond's succes... read more

UK seeks to mend 'broken' LIBOR, not end it

LONDON: Britain's top financial watchdog ... FSA plan includes oversight by a new panel from 2013. Until now, LIBOR rates have been set daily by the British Bankers Association (BBA) industry body on ... read more

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