Written question asked by Lord Kennedy of Southwark (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 23 April 2012.
Banks: London Interbank Offered Rate
- Question
- To ask Her Majesty's Government what assessment they have made of proposals for tighter controls over the London Interbank Offered Rate (Libor).
- Answer
-
The setting of the London Interbank Offered Rate (LIBOR) is not a regulated activity under the Financial Services and Markets Act 2000. The methods used to calculate LIBOR are publicly available, as are the data made available by contributor banks. The process is regularly reviewed by market participants. The British Bankers' Association is consulting on the future operation of LIBOR.
Secondary information
- Type
- Written question
- Reference
- 16795; 736 c299WA
- Session
- 2010-12
- Subjects
- Banks Interest rates Loans
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:56:04 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1686518
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