2023/2/25 18:07:07  read(6)

LIBOR, the full name cashback forex LondonInterbankOfferedRate, that is, the London Interbank Offered Rate So, what is the LIBOR forextradingsignal? We have to start with the best forex copy tradingterbank offered rate Interbank offered rate refers to the short-term funds borrowing howtocopyforextrading lending rates between banks interbank offered two interest rates, offered rate (BidRate) said the bank is willing to borrow interest rates; offered rate (OfferedRate) said the bank is willing to lend interest rates a banks offered (borrowing) is actually another banks offered (loan ) The same bank in and out of the interest rate comparison, into the interest rate (BidRate) is always less than the interest rate (OfferedRate), the difference is the benefit of the bank in the U.S. market, generally into the interest rate (BidRate) in the front, the interest rate (OfferedRate) in the back, for example, 3.25 to 3.50 In the British market In the United Kingdom market, generally is the offer rate (OfferedRate) in the front, split into the rate (BidRate) in the back, for example, 3.50 to 3.25, in both cases, are expressed as I borrow 3.25 I loan 3.50 interbank lending in a large number of interest rates is the London Interbank OfferedRate (LIBOR, LIBOR) LIBOR refers to the interest rate at which a first-rate bank in London borrows funds from another first-rate bank in London LIBOR has now been used as the prime rate for most floating interest rates in the international financial markets, as a financing cost for banks to raise funds from the market for refinancing, and the LIBOR agreed in the loan agreement is usually set by several designated reference banks, at a specified Time (generally 11:00 a.m. London time) the average interest rate quoted most heavily used is the 3-month and 6-month LIBOR Chinas external funding costs that is based on the LIBOR rate plus a certain percentage point from the LIBOR change, and Singapore Interbank Offered Rate (SIBOR), New York Interbank Offered Rate (NIBOR), Hong Kong Interbank Offered Rate ( HIBOR) and so on Libor manipulation case criminal punishment first person former UBS trader sentenced to 14 years in prison UBS and Citigroup former trader TomHayes suspected of manipulating the London Interbank Offered Rate (Libor), in a court in London by eight charges jury on August 3, 2015 unanimously ruled that the eight counts with the manipulation of Libor Hayes was sentenced to 14 years in prison after being convicted on all charges related to Libor manipulation Hayes thus became the first individual in the world to receive a criminal penalty for Libor manipulation It was also one of the harshest penalties for bankers since the financial crisis prosecutor Jeremy Cooke said at the sentencing: like trust, integrity and honesty are essential The activities you were involved in Libor activities put them at risk This message needs to reach the entire financial community Hayes, from Hampshire, England (Hampshire), was accused of manipulating Libor while working at UBS and Citigroup from 2006 to 2010 In 2012, U.S. officials first brought charges against him Hayes said at the trial that by The practice of influencing Libor to profit from trading was commonplace and documented in the UBS guidelines for submitting Libor quotes distributed to employees, and his bosses knew and condoned what he was doing, and he never realized that his actions were inappropriate. He initially pleaded guilty only because he felt a strong fear of serving a long sentence in the United States Previously, authorities on both sides of the Atlantic imposed $9 billion in fines on banks and brokerages, including a $1.5 billion fine on UBS Japanese regulators filed a complaint against Citigroup