BBSW under the spotlight

27 June 2013

 

Recent rate rigging scandals in the UK and Singapore could rebound on Australia with profound effects.  The Basel-based Financial Stability Board has established a steering committee of central banks and regulators to review how key interest rate benchmarks are set around the world. Singapore's bank regulator recently censured banks including ANZ and Macquarie Bank for attempting to fix Sibor, the Singapore Interbank Offered Rate, which came hot on the heels...

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