Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Danish Bank Group Welcomes Proposal for External Cibor Oversight

Don't Miss Out —
Follow us on:

Aug. 2 (Bloomberg) -- The Danish Bankers Association said it welcomed a proposal by Business Minister Ole Sohn to create an external authority to oversee the Copenhagen interbank offered rate.

The government can’t accept that Cibor fixing be monitored by the same banks that submit quotes, Sohn said earlier today, the Borsen newspaper reported.

“The Danish Bankers Association’s sole objective is to create confidence in Cibor,” the group’s Director Joergen A. Horwitz said in an e-mailed statement today. “We therefore welcome the minister’s proposal. A competent, public oversight authority can help restore confidence in Cibor.”

The Bankers Association has “confidence in Cibor,” Horwitz said. “But for us, just as for the minister, it’s crucial that customers and market participants also have confidence in the rate.”

To contact the reporter on this story: Peter Levring in Copenhagen at

To contact the editor responsible for this story: Tasneem Brogger at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.