Denmark will establish a supplement to its CIBOR bank to bank lending rate and launch a supervisory authority to control its setting, after the British LIBOR scandal shook confidence in its Danish equivalent.
A troubled day in the ”Shire”
On this the first banking day of September 2012 the preliminary investigation into the CIBOR scandal hit the Danish media. I could plaster your computer with references you have no chance of reading –...
Danish Central Bank statement on CIBOR
The CB has since the establishment and until the CB’s exit April 4th 2011 collected, calculated and published CIBOR. The CB has also been an observer in the...
The Danish Central Bank refuses publication of CIBOR documents.
The Danish Central Bank states this in the following press release (it is written in Danish):
[caption id="attachment_65938" align="aligncenter" width="500"] Denmark Central...
Berlingske Business has gained official insight into a mail correspondence between the Central Bank and the Ministry of Finance. In January 2010 the Ministry of Finance requests figures from the Central Bank going back to...
The artificial fixing of the CIBOR interest rate outside the authorities control is over! Secretary for Business and Growth Ole Sohn cuts through and announces a public inspection of the much criticized rate...
Barclays PLC (NYSE:BCS) (LON:BCS) leave the CIBOR panel.
According to the Danish Bankers Association today Thursday August 2nd 2012
The Danish Bankers Association now only has 7 banks left in the panel – and two...
Stuck with the CIBOR/LIBOR?
Christian Clausen, Chairman of the European Banking Federation (EBF). tells Berlingske (in my translation):
I think that LIBOR and CIBOR must funciton for decades into the future, as there are trillion dollar...
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