Tag: euribor

March 06, 2024 BY Simon Mugo

Euribor To Start Much-Awaited Changes in May To Attract More Banks

The reputation of interbank rates like Euribor's counterpart, Libor, suffered greatly due to manipulation scandals. This led to Libor's discontinuation and its replacement by overnight rates determined by central banks such as the Federal Reserve, European Central Bank, and Bank of England. The Euro Interbank Offered Rate overhaul, or Euribor, seeks to lessen the workload…

Read more
December 22, 2015 BY Maria Nikolova

SFO includes Societe Generale's Stephane Esper in EURIBOR investigation list

The UK Serious Fraud Office (SFO) continues its investigation into Euro Interbank Offered Rate (EURIBOR) manipulation. On Monday, the SFO published a brief update, stating that former Societe Generale SA (EPA:GLE) employee Stephane Esper was included in the list of individuals to stand trial over alleged EURIBOR manipulation. Mr Esper will make his first appearance…

Read more