Recently acquired by NYSE Euronext for a nominal fee, participants in setting this index have recently been subject to increased regulation, in light of member banks, such as Barclay's, manipulating this value.
Originating in 1986, Thomson Reuters publishes this set of indexes for ten currencies and fifteen maturation lengths. For a particular currency, the value of this index is calculated as the average of the ten middle values reported by 18 banks at 11:30 GMT every trading day. Recently acquired by NYSE Euronext for a nominal fee, participants in setting this index have recently been subject to increased regulation, in light of member banks, such as Barclay's, manipulating this value. For 10 points, what scandal-rocked British interest-rate index is used to set interest rates across the financial industry?
Originating in 1986, Thomson Reuters publishes this set of indexes for ten currencies and fifteen maturation lengths.
{LIBOR} or {London Interbank Offered Rate}