Regulators Consider Libor Overhaul - News and Current Events | futures io social day trading
futures io futures trading

Regulators Consider Libor Overhaul
Updated: Views / Replies:278 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Regulators Consider Libor Overhaul

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

Regulators Consider Libor Overhaul

UK regulators and global banks are discussing a potentially far-reaching overhaul of the calculation and regulation of interbank lending rates, amid claims that the benchmark for $350 trillion contracts worldwide may have been subject to manipulation.

The review comes as regulators in North America, Europe and Japan have expanded their year-long probes into alleged manipulation of the London Interbank Offered Rates span#ExplainsLink a, span#ExplainsLink a img, span#ExplainsLink a:visited img, span#ExplainsLink a:visited {border:none;}
Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).
, and other benchmark lending rates, which help set the price of financial products, including mortgages and credit cards.

The Libor rate-setting process is not considered a regulated activity under the UK Financial Services and Markets Act, but US and European banks and interdealer brokers have suspended or fired more than a dozen traders in recent months following allegations of abuse.

The British Bankers’ Association, which sponsors Libor, and many of the banks that help set it met Treasury officials, the Bank of England and the Financial Services Authority on Monday to kick off the review process. The rethink will take into account regulatory changes such as the planned imposition of new global bank liquidity requirements in 2015.

The BBA said in a statement: “As part of the normal reviewing processes of Libor, a number of contributing banks met today to consider future regulatory and market developments, such as the incoming liquidity rules, relevant to the parameters that Libor measure.”

It added that “a technical discussion with interested groups including users of the rate will commence shortly”, and promised to keep the market and government officials updated.

People familiar with what was discussed in the meeting said the review could encompass everything from revamping the way Libor rates are set to imposing new regulatory oversight and compliance requirements on participating banks.

Industry participants did much of the talking, discussing market concerns about the rate-setting process and making suggestions on how to improve it. The FSA, Bank and Treasury representatives did not make clear what approaches they favored.

Libor is set daily under the auspices of the BBA in 10 currencies. Panels of banks submit estimates of their unsecured borrowing costs over 15 different time periods to Thomson Reuters, and these are used to calculate the daily rate.

Oversight of the process is managed by the Foreign Exchange and Money Markets Committee, which is independent of the BBA and chaired by a representative of a panel bank that submits rates in at least three currencies.

Thomson Reuters
Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).
is responsible for looking into any outlying rates but does not make public its investigations — or any reports to the oversight committee.

News Headlines

Reply With Quote


futures io > > > > Regulators Consider Libor Overhaul

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
U.S. conducting criminal Libor probe GridKing News and Current Events 0 February 28th, 2012 09:00 PM
U.S. conducting criminal Libor probe kbit News and Current Events 0 February 28th, 2012 07:31 PM
Libor vs S&P: Just an FYI Ghostland The Elite Circle 1 November 16th, 2011 12:31 PM
Overhaul of US Tax Code Is Unlikely Before 2012 Election Quick Summary News and Current Events 0 January 4th, 2011 07:20 PM
US Futures Regulator Begins Overhaul of Swaps Market Quick Summary News and Current Events 0 October 1st, 2010 04:20 AM

All times are GMT -4. The time now is 03:28 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-23 in 0.09 seconds with 19 queries on phoenix via your IP