Libor Review Panel Includes Banks Probed for Manipulation
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The British Bankers’ Association said a panel of lenders will review the London interbank offered rate, including some firms being probed for allegedly rigging the benchmark.
The review, the second in four years, will include Barclays Plc, Royal Bank of Scotland Group Plc and HSBC Holdings Plc, the London-based lobby group said in a statement today. The three banks have all previously disclosed they are the subject of regulatory probes over the possible manipulation of the rate, the basis for $360 trillion of securities worldwide.