Libor, EU | JD Supra Law News

IOSCO Consultation Report on Financial Benchmarks

by Peter J. Green, Jeremy C. Jennings-Mares | Morrison & Foerster LLP on 5/7/2013

Background - As we have previously reported, a Task Force of the International Organization of Securities Commissions (“IOSCO”) published a consultation on financial benchmarks on 11 January 2013 in response, in part,...more

Credit Crunch Digest -- April 2013

by Jennifer Quinn Broda, Ryan Chapoteau, Matthew Ferguson, Todd McCormick, Thomas R. Orofino, Eric C. Scheiner | Sedgwick LLP on 5/2/2013

This issue of the Credit Crunch Digest focuses on the dismissal of antitrust claims against major banks in Libor-related litigation; settlement in the Merrill Lynch/Bank of America merger case; settlement in the SAC Capital...more

Credit Crunch Digest -- March 2013

by Jennifer Quinn Broda, Ryan Chapoteau, Matthew Ferguson, Todd McCormick, Thomas R. Orofino, Eric C. Scheiner | Sedgwick LLP on 4/2/2013

This issue of the Credit Crunch Digest focuses on developments in antitrust-based Libor claims against major banks; the status of European Union investigations into Libor manipulation; developments in IndyMac-related...more

CFTCs Gary Gensler Continues Crusade For Libor Reform

by Felix Shipkevich | Shipkevich PLLC on 2/21/2013

U.S. Commodity Futures Trading Commission (CFTC) chairman Gary Gensler has stated that the Libor interest rate is not yet free of fraud. Gensler said to the BBC in London that the rate was often “completely made up.” Many...more

February 2013: Libor Litigation Update

by Quinn Emanuel Urquhart & Sullivan, LLP on 2/18/2013

UBS and Barclays Acknowledge Making False Libor Submissions. Investigations into misconduct at UBS and Barclays have revealed pervasive corruption of the London Interbank Offered Rate (“Libor”), which provides a benchmark for...more

Orrick's Financial Industry Week In Review - February 11, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/14/2013

In This Issue: *RMBS Litigation - Assured Wins $90 Million in Damages in RMBS Breach of Contract Trial - DOJ Brings Civil Fraud Action Against S&P - S&P Seeks Declaration That Credit Ratings Are Immune From...more

RBS Fined £87.5 Million over LIBOR Rates

by Orrick - Structured Finance Group on 2/12/2013

On February 6, the FSA issued a final notice to RBS imposing a fine of £87.5 million for misconduct in submitting rates for the calculation of LIBOR....more

RBS Fined £87.5 Million over LIBOR Rates

by Orrick - Structured Finance Group on 2/12/2013

On February 6, the FSA issued a final notice to RBS imposing a fine of £87.5 million for misconduct in submitting rates for the calculation of LIBOR....more

Quadrophenia and Four Compliance Issues

by Thomas Fox on 2/11/2013

This past weekend I saw the remaining members of The Who perform in their Quadrophenia Tour. While I had seen Roger Daltry perform the rock opera Tommy, I had never seen Pete Townsend in concert. To say I was blown away would...more

2013 Libor Update

by Heenan Blaikie LLP on 1/31/2013

BACKGROUND - LIBOR, or London InterBank Offered Rate, is a rate representing the average rate at which a LIBOR contributor bank can obtain unsecured funding in the London interbank market for a given period and...more

Orrick's Financial Industry Week in Review - January 7, 2013

by Orrick, Herrington & Sutcliffe LLP on 1/14/2013

In This Issue: *Financial Industry Developments - OCC Guidance on Transition Periods under Section 716 of the Dodd-Frank Act - CFTC Reporting of Swap Transactions and Swap Dealer Registration - Department...more

Financial Regulatory Update - December 2012

by Carmen Reynolds, Stuart Willey | White & Case LLP on 12/29/2012

This newsletter highlights some of the key financial regulatory measures affecting the UK and EU during the period from 1 August to 14 December 2012. In This Issue: - Regulation of Banks and Investment...more

Orrick's Financial Industry Week In Review - December 17, 2012

by Orrick, Herrington & Sutcliffe LLP on 12/20/2012

In This Issue: *Financial Industry Developments - CFTC No-Action Relief for Securitizations from Commodity Pool Operator Registration - CFTC No-Action Relief for Mortgage REIT Operators from Commodity Pool...more

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Libor › European Union

IOSCO Consultation Report on Financial Benchmarks

Credit Crunch Digest -- April 2013

Credit Crunch Digest -- March 2013

CFTCs Gary Gensler Continues Crusade For Libor Reform

February 2013: Libor Litigation Update

Orrick's Financial Industry Week In Review - February 11, 2013

RBS Fined £87.5 Million over LIBOR Rates

RBS Fined £87.5 Million over LIBOR Rates

Quadrophenia and Four Compliance Issues

2013 Libor Update

Orrick's Financial Industry Week in Review - January 7, 2013

Financial Regulatory Update - December 2012

Orrick's Financial Industry Week In Review - December 17, 2012

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