Last week the European Central Bank issued a press release welcoming the EU Commission’s initiative to regulate the banking industry’s setting of benchmark interest rates, like the Euribor. Interbank interest rate benchmarks are systemic and vital to the entire financial system. Any failures may cause losses for investors, distort the real economy and undermine market […]Trying to cure bank cancer with analgesics
February 12, 2013 by Leave a Comment
Last week the European Central Bank issued a press release welcoming the EU Commission’s initiative to regulate the banking industry’s setting of benchmark interest rates, like the Euribor. Interbank interest rate benchmarks are systemic and vital to the entire financial system. Any failures may cause losses for investors, distort the real economy and undermine market […]
