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

LendInvest posts record £1.44bn lending year

LendInvest recorded its strongest ever year for lending in the 12 months to 31...

Fleet Mortgages broadens buy-to-let criteria for foreign nationals and limited companies

Fleet Mortgages has widened its lending criteria for buy-to-let borrowers, introducing greater flexibility for...

Six-times salary lending quadruples as lenders loosen affordability

The number of mortgage lenders willing to offer loans worth six times a borrower's...

Buy-to-let lending remains ahead of last year despite slower start to year

Buy-to-let lending increased in the first quarter of 2026 compared with a year earlier,...

Market Harborough reveals £120m Gen H mortgage portfolio acquisition

Market Harborough Building Society has acquired a £120m residential mortgage portfolio from Gen H...

Latest publication

Other news

LendInvest posts record £1.44bn lending year

LendInvest recorded its strongest ever year for lending in the 12 months to 31...

Fleet Mortgages broadens buy-to-let criteria for foreign nationals and limited companies

Fleet Mortgages has widened its lending criteria for buy-to-let borrowers, introducing greater flexibility for...

Six-times salary lending quadruples as lenders loosen affordability

The number of mortgage lenders willing to offer loans worth six times a borrower's...