Asian regulators tighten oversight of interest-rate setting

02/8/2013 | Wall Street Journal, The

Regulators in Hong Kong, Japan and other Asian financial centers are cracking down on the way key interest rates are determined amid a global investigation into possible manipulation of the London Interbank Offered Rate and other similar rates. The Hong Kong Monetary Authority, for example, is phasing out a few versions of the Hong Kong Interbank Offered Rate. HKMA has also taken away control of rate setting from an industry group.

View Full Article in:

Wall Street Journal, The

Published in Briefs: