View more on these topics

BBA announced Libor reforms

The British Bankers’ Association is set to strengthen the London Interbank Offered Rate with a package of reforms announced today.

It says it will have tighter scrutiny of the rates contributed by banks into the settling mechanism so that any discrepancies in the rates must be justified by individual contributing banks.

It will also seek wider membership of the Foreign Exchange and Money Markets Committee, the independent body which oversees the process.

It will increase the number of contributors to some of the rate setting panels.

The BBA says it will also take soundings on whether the historically transparent rate-setting mechanism is stigmatising contributors and whether a second rate fixing process for US dollar Libor might be set after the US market opening.

BBA chief executive Angela Knight says: “BBA Libor has stood the test of time: it has been published on every business day since 1985 and is among the most transparent indices in the world. These changes will further strengthen BBA Libor and the confidence of its many users.”


Pushing back frontiers

Emerging markets seem to have received more attention recently, due in no small part to their strong performance, but overall allocation remains lighter than perhaps it should be.

Alive and kick-out

Lehman Brothers International has produced an ingenious new plan called the kick-out perfor-mance plan which pays out 19.5 per cent for each year that the plan is active.

Signature tune

There is a frustrating and muddling array of provider approa-ches to the subject of whether or not an application form for protection requires a signature. It is perhaps the most unnecessarily confusing aspect of completing a client’s protection purchase.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm