Your English writing platform
Discover LudwigExact(10)
But regulators around the world suspect that LIBOR (the London inter-bank offered rate), a financial benchmark that is set every day by collating these estimates, has been subject to manipulation.
"The consequences of a debt default would be harmful not only to the U.S. economy but also globally, given the importance of the U.S. Treasury market as a global financial benchmark," they wrote.
They stood to gain or lose hundreds of thousands of pounds if they succeeded in manipulating Libor, a key global financial benchmark that determines the cost of borrowing for households and companies.
The BBA oversaw Libor, a key financial benchmark underpinning contracts worth trillions of pounds worldwide, from the mid-1980s untit it was stripped of responsibility for setting the rate in 2013.
Now 10 years old, it is reaching a financial benchmark of sorts: Many of the first tenants' leases are coming up for renewal, and not everyone is sticking around.
The index, he said, is usually based on a financial benchmark like the current rate on one-year Treasury bills, the prime rate or the London interbank offered rate (Libor).
Similar(49)
IT HAS been a dreadful couple of years for financial benchmarks.
The three banks are accused of colluding to rig financial benchmarks linked to the euro.
But Mr. Bernabè, 63, gets animated when he talks about the financial benchmarks that have charted the company's recovery.
They enter a world which is increasingly crowded with financial benchmarks.Indices began as a way of gauging the general health of the stockmarket.
These "gag clauses" decrease price transparency and prevent hospitals from discussing the cost of medical devices with their own doctors, third-party financial benchmarking groups and even patients.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com