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

Mortgage commitments rise despite weaker lending volumes, Bank of England data shows

New mortgage commitments increased in the first quarter of 2026 even as completed lending...

MPs call for stamp duty reform to help first-time buyers

A cross-party group of MPs has called for a major review of stamp duty...

YBS Commercial Mortgages cuts five-year fixed rates

YBS Commercial Mortgages has reduced rates across its five-year fixed product range by 0.15%. The...

CHL Mortgages cuts short-term let rates by 30bps

CHL Mortgages has launched a limited-edition range and reduced rates across its short-term let...

Hodge Bank raises maximum loan sizes

Hodge Bank has increased maximum loan sizes across key loan-to-value bands and changed affordability...

Latest publication

Other news

Mortgage commitments rise despite weaker lending volumes, Bank of England data shows

New mortgage commitments increased in the first quarter of 2026 even as completed lending...

MPs call for stamp duty reform to help first-time buyers

A cross-party group of MPs has called for a major review of stamp duty...

YBS Commercial Mortgages cuts five-year fixed rates

YBS Commercial Mortgages has reduced rates across its five-year fixed product range by 0.15%. The...