What TSC Libor report means for London’s reputation

Author: Gemma Varriale | Published: 21 Aug 2012

The Treasury Select Committee’s (TSC) preliminary report on fixing the London Interbank Offered Rate (Libor) called for reform in several areas of the UK banking sector. Here’s why market participants consider it a defining moment for financial regulation.

The August 18 report intended to assess the impact of the Libor scandal following revelations of Barclays’ sustained manipulation of a key interest rate at the height of...