Stibor, Sweden's main interbank rate, and Tibor in Japan are among rates facing fresh scrutiny because, like Libor, they are based on banks' estimated borrowing costs rather than real trades. In some cases they may be easier to rig than Libor as fewer banks contribute to their calculation, according to academics and analysts. Hong Kong's Hibor is set daily based on quotations provided by 20 lenders, according to the association's website. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.