Libor—the London interbank offered rate

Libor—the London interbank offered rate

He had no idea it would star in one of history’s greatest financial scandals.

The Man Who Invented the World’s Most Important Number

It was the product of a big survey and a little math.

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For all its shortcomings, Libor is still a fixture of the global financial system. After the scandal, regulators talked about scrapping the benchmark and replacing it with one based on actual trades rather than what banks say their borrowing costs are. But that proved impossible, because the number was baked into so many contracts lasting many years. In 2014 the BBA was stripped of its role overseeing Libor and replaced by Intercontinental Exchange, a U.S. derivatives-trading platform. These days, Libor is based in part on actual transactions, but it still involves guesswork. Prompted by their success with Libor, authorities around the world undertook similar investigations into benchmarks for foreign exchange, precious metals, and commodities, unearthing widespread manipulation across markets and sparking billions of dollars more in fines.

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Wikipedia 中文版只有這樣多的資料：

維基百科，自由的百科全書

倫敦銀行同業拆息（英文：London Interbank Offered Rate，簡稱LIBOR），或稱倫敦同業拆放利率，是一個英國銀行同業之間的短期資金借貸款的成本，原來由英國銀行家協會（British Banker's Association）按其選定的一批銀行，於倫敦貨幣市場報出的銀行同業拆借利率，計算出平均指標利率。此指針利率，每個銀行營業日都可能不同^[1]。

自2014年2月1日起，英國銀行家協會的角色由洲際交易所集團 (ICE)屬下的ICE Benchmark Administration Limited (IBA)^[2]所取代。

在一家銀行內，有兩個利率，拆入利率（Bid Rate）是成本，拆出利率（Offered Rate）是收入。

參考[編輯]

1. ^ What is the London interbank offered rate? - The Guardian, Monday 17 August 2009 19.55 BST