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Interest Rates Market Manipulation Benchmarks

ArentFox Schiff

The End of LIBOR: Hotel California Edition [Part V]

ArentFox Schiff on

In a recent alert, we highlighted the United Kingdom (UK) benchmark manipulation cases of Tom Hayes and Carlo Palombo from 2015 and 2019, respectively. Hayes was the first banker to be jailed in the LIBOR scandal....more

Latham & Watkins LLP

Hong Kong Moves Closer to Interest Rate Benchmark Reform

Latham & Watkins LLP on

The TMA is now consulting on technical refinements to the HONIA, the proposed alternative reference rate to the HIBOR. Key Points: ..In July 2014, the FSB issued recommendations on reforming interest rate benchmarks,...more

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