EU to criminalise interest rate manipulation

Published on

European parliament

The European Commission has moved to make interest-rate manipulation a crime across the EU.

This will cover behaviour of the type seen in London and elsewhere in the LIBOR scandal.

The Commission’s investigation into possible cartels linked to the manipulation of interest-rate benchmarks also continues.

It has adopted amendments to its proposals for a Regulation and a Directive on insider dealing and market manipulation, including criminal sanctions, initially put forward for agreement to the Member States and the European Parliament on 20 October 2011.

The amendments will prohibit the manipulation of benchmarks, including LIBOR and EURIBOR, and make such manipulation a criminal offence.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

1 COMMENT

  1. You mean its not already?
    Amazing.
    Surely its no better than insider dealing.
    Of course, it does depends who's mates are gaining financially from this type of thing before certain powers that be decide if its wrong or not.

Comments are closed.

Latest articles

Paragon expands landlord offering with limited edition five-year fixes

Paragon Bank has launched a new range of limited edition five-year fixed-rate buy-to-let mortgages...

Zero-deposit mortgage sales reach five-year high as affordability pressures persist

The number of zero-deposit mortgage sales reached 574 in the first three quarters of...

More than 255,000 homeowners to leave five-year fixes by the end of June

More than 255,000 UK households are due to come off five-year fixed mortgage deals...

The Leeds strengthens intermediary team with senior account manager hire

Leeds Building Society has hired Michelle Ward as corporate account manager, adding more than...

Rising rental yields give landlords a stronger start to 2026, but March volatility clouds outlook

Fleet Mortgages’ latest Rental Barometer shows average yields reached 8.1% in Q1 2026, up...

Latest publication

Other news

Paragon expands landlord offering with limited edition five-year fixes

Paragon Bank has launched a new range of limited edition five-year fixed-rate buy-to-let mortgages...

Zero-deposit mortgage sales reach five-year high as affordability pressures persist

The number of zero-deposit mortgage sales reached 574 in the first three quarters of...

Q&A: Claire Cherrington, Sesame Bankhall Group

Mortgage Soup fires the questions at Claire Cherrington, director of PMS and Bankhall, Sesame...