Discover and read the best of Twitter Threads about #LIBOR

Most recents (7)

2/

Cognitive dissonance has people possessed with looking for 5 wave impulses...when all I see are zigzags and we need to finish this last zag to the upside $SPX
3/

$SPX Earnings
Read 31 tweets
By the end of 2019, the #Eurozone Benchmark interest rates, i.e. the overnight #EONIA rate and the #EURIBOR family (with maturities from 1 week up to 12 months), will either be replaced or their calculation methodology will be radically reformed.
The benchmark rates calculation methodology is not compliant with the #EU Benchmarks Regulation (BMR), applied from Jan. 1st, 2018, which emerged in the aftermath of the #LIBOR & #EURIBOR market manipulation scandals & the #2008_financial_crisis. bis.org/publ/qtrpdf/r_… @BIS_org
On September 14th, 2018, the working group on euro risk-free rates (#WG_EuroRFR), set up by the @ECB, the @FSMA_info , @ESMAComms & the @EU_Commission, proposed the ECB’s #€STR as the replacement of #EONIA
bit.ly/2UDzu4L
bit.ly/2OjrSNo
bit.ly/2YNPxeB
Read 12 tweets
The #BBC's @Hoskea10 digs into #LOBOloan bank debt at Sheffield City Council (from 27mins) bbc.co.uk/sounds/play/m0… #Sheffield had to pay a £12.3m "breakage loan" to the Royal Bank of Scotland #RBS to escape a £20m loan.
Clive Betts, Chair of @CommonsCLG and a Sheffield MP said: "that the bank #RBS actually gets a double benefit, once for fiddling the #LIBOR interest rate, a second time when their council #LOBOloan interest rates go up" bbc.co.uk/sounds/play/m0… #localgov #fraud
#Newham resident @rachel_shares said: "this country has to stand up to the financial institutions that made hundreds of millions of pounds out of them over the last decade. Who has the most power in this situation, #Barclays and #RBS, or Newham Council?" bbc.co.uk/sounds/play/m0…
Read 4 tweets
[1/10] Ieri mattina il quartier generale della #DeutscheBank a Francoforte è stato perquisito da 170 agenti nell'ambito di un'indagine, nata da una costola dei #PanamaPapers, su sospette operazioni di riciclaggio da parte della banca tedesca.
[2/10] Indagati in particolare due collaboratori, che avrebbero aiutato 900 clienti a creare conti offshore in paradisi fiscali in cambio di parcelle milionarie (solo per il 2016 ben 311 milioni).
[3/10] Ma gli scandali non sono una novità per #DeutscheBank: - già, nel dicembre del 2012, nella sede centrale di Francoforte, si era svolta una perquisizione in grande stile delle autorità tedesche, con impegnati 500 uomini tra poliziotti e ispettori delle tasse…
Read 10 tweets
"Champs Elysees Burning": French Police Fire Tear Gas, Water Cannon As Massive Fuel Protests Turn Violent by @zerohedge
zerohedge.com/news/2018-11-2…
「シャンゼリゼが燃えている」 
マクロン大統領の 燃料税値上げでイエロー・ベスト・デモ⇒暴動化
#ロス茶・マコロン #ファイヤー・ジャングル
12/01
どうしてフランス人は怒っているのか?パリ凱旋門 で #黄色いベスト を着たデモ隊に実際に聞いてみた
#カルロス・ゴーン #マクロン #ロス茶・マコロン
"Why are you angry ?" #YellowVest protestors reply @ Arc de Triomphe #Paris #France #Macron #CarlosGhosn
Read 57 tweets
I've been out of the game a while, #SOFR set to replace the #LIBOR.
Wow.
This actually makes some sense to me. Secured Overnight Financing Rate is recorded though the Federal Reserve. I haven't looked much into it, seems very similar to the prime rate from what I have seen as of yet.
apps.newyorkfed.org/markets/autora…
I always wondered why the London International Bank offered Rate was such a dominate index in American banking. Sometimes COFI (cost of funds index) or a few various Treasury indexes would pop up but its almost always the Liber.
Read 8 tweets
Tria non potrebbe mai lavorare con @POTUS 😂😂😂
#TriaExit #Mef cosa?
Sta diventando stucchevole..tanto 1,6/2/2,5 la sostanza non cambia...se arriva la contrazione economica seria come preambolo di recessione...vi travolge ...senza se e senza ma...
PUPAZZI 👺💩👏

#ITALY'S LEAGUE ECONOMICS ADVISOR SAYS ANY TALK OF THE COUNTRY'S EURO EXIT IS OUT OF DISCUSSION
Read 347 tweets

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