U.S. Regulators to Brief Congressional Staff on Libor Probes

U.S. regulators will brief congressional staff July 30 on oversight of the London interbank offered rate, according to a notice circulated to House Financial Service Committee staff members today.

Representatives from the Treasury Department, Federal Reserve, Federal Reserve Bank of New York, Securities and Exchange Commission, Office of the Comptroller of the Currency and Commodity Futures Trading Commission will head to Capitol Hill to brief the committee staff on “regulatory oversight of Libor,” according to the notice obtained by Bloomberg News.

The briefing announcement comes one day after two Barclays Plc employees briefed the committee’s staff on the bank’s $452 million settlement for attempted manipulation of the rate.

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