Arab Today, arab today german regulator looking at banks over interbank rates
Last Updated : GMT 16:25:50
Arab Today, arab today
Arab Today, arab today

German regulator looking at banks over interbank rates

Arab Today, arab today

Arab Today, arab today German regulator looking at banks over interbank rates

Paris -AFP

Germany\'s banking regulator said Thursday it is looking at several banks to ensure they have effective controls in place to prevent interbank the attempted rate rigging that has tripped up British bank Barclays. \"We are verifying if the banks have adequate control mechanisms to discover or prevent such market manipulations,\" a BaFin spokesman told AFP. Last week Barclays Bank became the first bank to be fined as part of an international probe into suspected manipulation of key markets for Libor and Euribor interest rates, paying £290 million ($450 million) to US and British authorities. The spokesman said BaFin was in contact with US and British counterparts but noted that it does not have similar powers to pursue criminal investigations. To BaFin\'s knowledge no German prosecutor has opened a probe, added the spokesman. In Germany, Deutsche Bank mentioned in April in its first quarter report that it had received requests for information as part of US and European probes into possible manipulation of the Libor and Eurobor interbank rates. The Euribor reference rate is set by 43 eurozone banks, including Barclays, while the Libor rate is preferred by institutions from English-speaking countries. In addition to serving in the interbank market the rates are widely used as a reference for rates in transactions by businesses and individuals.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german regulator looking at banks over interbank rates Arab Today, arab today german regulator looking at banks over interbank rates

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german regulator looking at banks over interbank rates Arab Today, arab today german regulator looking at banks over interbank rates

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday