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Commodities Briefing - Categorized | Currencies, Oil more

Currency to oil rates targeted for tougher rules after Libor

Posted on 18 July 2013

Benchmarks underpinning markets from oil to currencies face tougher oversight under plans by global regulators to prevent any repeat of Libor-style fraud.
Rates should be based as much as possible on real transaction data, rather than estimates, and banks should tackle conflicts of interest, the International Organization of Securities Commissions, a Madrid-based group that harmonizes global market rules, said………………………………………..Full Article: Source


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