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

Retirement drives more than half of financial advice enquiries

Retirement concerns account for more than half of financial advice enquiries received by Inzuzo,...

Friends and family offer route on to property ladder for single buyers

More than half of prospective buyers would consider purchasing a home with a friend...

Newcastle expands broker mortgage range with higher-LTV deals

Newcastle for Intermediaries has expanded its mortgage range with the return of higher loan-to-value...

Mortgage arrears and possessions fall in second quarter

The number of UK mortgages in arrears declined in the second quarter of 2026,...

Paragon restores Track to Fix option on buy-to-let tracker mortgages

Paragon Bank has reintroduced a feature allowing existing buy-to-let customers to move from a...

Latest publication

Other news

Leasehold reform has a September window – will Burnham use it?

At the time of writing, the Commonhold and Leasehold Reform Bill still has no...

Retirement drives more than half of financial advice enquiries

Retirement concerns account for more than half of financial advice enquiries received by Inzuzo,...

Friends and family offer route on to property ladder for single buyers

More than half of prospective buyers would consider purchasing a home with a friend...