Articles - CBI responds to Wheatley Review of Libor


 The CBI responded to the review of Libor by Martin Wheatley, the Managing Director of the FSA and Chief Executive-designate of the Financial Conduct Authority.
 Matthew Fell, CBI Director for Competitive Markets, said:

 "With Libor being such an intrinsic part of the financial system, restoring trust in it is an important step towards the broader task of rebuilding confidence in banking.

 "Bringing Libor under an independent regulator will take away the notion that this was a system run by banks for the benefit of banks.

 "Focusing it on the most liquid trades will drastically reduce the scope for any manipulation, particularly at times of market stress.

 "Stronger individual accountability, including through criminal sanctions, will provide a robust last line of defence."
  

Back to Index


Similar News to this Story

Retail, leisure and hospitality: Cutting out AI fraud claims
AI can make fraudulent claims look more credible, especially when your teams are under pressure. How can going ‘back to basics’ help protect your re
Mercer Investment Insights Q3 2026
Investment markets bounced back last quarter, but what may this mean for the months ahead? In this edition of Investment Insights, Mercer New Zealand’
Gender pensions gap in the LGPS start earlier. engage better
The gender pensions gap in the Local Government Pension Scheme (LGPS) is real. But it's not simply a pensions problem. The gap we see at retireme

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.