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

The economics of developing the next generation of advisers

Over the past couple of decades, I have worked alongside literally thousands of AR...

Stonebridge releases 2026 Regional Roadshow dates

Stonebridge has released its 2026 Regional Roadshow dates and revealed where it will be...

Pepper Money cuts rates across resi and affordable homes range

Pepper Money has cut rates across its residential and affordable home ownership range. Residential rates...

Paragon launches two-year BBR trackers

Paragon Bank has introduced new two-year Bank Base Rate (BBR) trackers to its buy-to-let...

Atom Bank makes third prime rate cut in a month

Atom bank has made further rate reductions across its entire prime mortgage range, alongside...

Latest publication

Other news

The economics of developing the next generation of advisers

Over the past couple of decades, I have worked alongside literally thousands of AR...

Stonebridge releases 2026 Regional Roadshow dates

Stonebridge has released its 2026 Regional Roadshow dates and revealed where it will be...

Pepper Money cuts rates across resi and affordable homes range

Pepper Money has cut rates across its residential and affordable home ownership range. Residential rates...