Skip to comments.
Brussels to strip London of LIBOR role
| 6 June 2013
| (Financial Times)
Posted on 06/07/2013 8:35:58 AM PDT by Olog-hai
Oversight of the LIBOR bank lending rate will be taken away from the City of London and transferred to Paris under a new plan currently being drafted by the European Commission.
The proposal, due to be published in the summer, would see the regulation of hundreds of influential price levels, including oil and gold, transferred to the France-based European Securities and Markets Authority.
(Excerpt) Read more at presseurop.eu ...
TOPICS: Business/Economy; Crime/Corruption; News/Current Events; United Kingdom
KEYWORDS: esma; eussr; libor; paris
Aint that great. So weakened by the EU that the more corrupt EU gets to take over LIBOR.
posted on 06/07/2013 8:35:58 AM PDT
So will it now be the PIBOR?
posted on 06/07/2013 8:36:40 AM PDT
by Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
posted on 06/07/2013 8:44:53 AM PDT
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson