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

AI could prove critical as later life lending demand grows, Air warns

Later life lending specialists may struggle to capitalise on growing demand for advice unless...

Home improvement finance surges 112% as households invest in existing properties

Finance for home improvements more than doubled in the third quarter of 2026, according...

Younger equity release borrowers more likely to make interest payments

Borrowers under the age of 70 account for nearly two-thirds of more2life's lifetime mortgage...

Chetwood Bank names new board risk committee chair

Chetwood Bank has appointed Melanie Czarra as a non-executive director and chair of its...

Property transactions fall as autumn housing market recovery stalls

Housing market activity weakened across England and Wales during the third quarter of 2026,...

Latest publication

Other news

AI could prove critical as later life lending demand grows, Air warns

Later life lending specialists may struggle to capitalise on growing demand for advice unless...

Home improvement finance surges 112% as households invest in existing properties

Finance for home improvements more than doubled in the third quarter of 2026, according...

Younger equity release borrowers more likely to make interest payments

Borrowers under the age of 70 account for nearly two-thirds of more2life's lifetime mortgage...