About: Euribor

Economy & Jobs 11-09-2019

EU high court could qualify Spain mortgage pricing as abusive

Spain's mortgage interest rate index -known as IRPH- could be considered abusive, advocate general of the Court of Justice of the EU warned in his conclusions on Tuesday (10 September), which are contrary to an assessment of Spain's Supreme Court. 
Economy & Jobs 20-09-2017

EU moves to extend grip on financial sector after Brexit

The European Commission proposed on Wednesday (20 September) transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub.

Commission fines banks €485 million for derivatives cartel

The European Commission fined JP Morgan (€337 million), Crédit Agricole (€114 million) and HSBC (€33 million) on Wednesday (7 December) for participating in a cartel in euro interest rate derivatives initially unveiled in December 2013.
Euro & Finance 27-10-2015

Spanish banks may have to repay billions in ‘abusive’ fixed-rate mortgages

The European Commission welcomed the end of the bailout programme for Spanish banks, but now may be putting the country’s financial stability at risk, as it seeks further action against 'abusive' mortgage clauses, it was reported on Tuesday (27 October).
Professor Andrew Clare, CASS Business School
Brexit 18-02-2015

EU’s financial indices regulation ‘bizarre and wrong’

The regulation of financial indices and benchmarks will stifle innovation and is part of a move by Brussels to “regulate anything they don’t understand”, Andrew Clare told EURACTIV.
Brexit 12-06-2014

UK to adopt own rules against market manipulation

British finance minister George Osborne will reject EU plans to outlaw currency market manipulation today (12 June) and instead offer his own proposals to make rigging exchange rates a criminal offence.
Euro & Finance 20-05-2014

Commission charges HSBC, JPMorgan, Credit Agricole with rate-rigging

European Union antitrust regulators charged Europe's biggest bank HSBC, US peer JPMorgan and France's Credit Agricole on Tuesday (20 May) with rigging financial benchmarks linked to the euro, exposing them to potential fines.
Euro & Finance 04-12-2013

Libor/Euribor bank cartel hit with largest Commission fine

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of €1.71 billion today (4 December) for rigging financial benchmarks.
Euro & Finance 04-12-2013

EU regulators to fine 5 banks for rate rigging

EU antitrust regulators will impose record multi-million euro fines on six banks including Citigroup, Deutsche Bank and Royal Bank of Scotland on Wednesday (4 December) for rigging key interest rate benchmarks, sources said.
Euro & Finance 05-11-2013

EU lawmakers pledge speedy Libor reform, scope debated

European Union lawmakers have pledged rapid approval of a draft EU law to regulate market benchmarks such as Libor, though they sparred over how comprehensive the new regime should be.
Euro & Finance 19-09-2013

EU cracks down on interbank ‘benchmark’ indexes

The European Commission proposed sweeping new rules yesterday (18 September) that aim to avoid repeats of the scandals affecting the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor) in 2012.
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Economy & Jobs 18-09-2013

EC’s Michel Barnier on the proposal for member states to regulate benchmarks

The Commission yesterday (18 September) proposed sweeping new governance of benchmarks aiming to avoid repeats of the scandals affecting the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor) in 2012.
Competition 06-09-2012

Libor scandal provokes regulatory overhaul

Following the recent manipulation of the Libor interest rate index, the European Commission yesterday (5 September) launched a consultation to examine regulating financial indexing benchmarks.
Euro & Finance 26-07-2012

[VIDEO] EU: bank-rate manipulation to become criminal offence

Speaking at a press conference in Brussels, Michel Barnier, EU Internal Market Commissioner, presented on Wednesday (25 July) EU-wide action to fight rate-fixing. His colleague in charge of justice and home affaires, Viviane Reding, slammed what she described as a "bankster" culture.
Brexit 26-07-2012

EU’s Reding slams ‘bankster’ culture, raps Bank of England

The European Commission warned yesterday (25 July) that the EU could take over supervision of benchmark interest rate indexes such as London's Libor, with EU Justice chief Viviane Reding unleashing a broadside at the Bank of England for its failure to stamp out rigging.
Brexit 26-07-2012

Euribor cuts Libor adrift in scandal storm

Brussels-based interest rate index Euribor has distanced itself from its beleaguered London counterpart Libor, saying it could not have been rigged like its British equivalent, EURACTIV can reveal.