London Interbank Offered Rate (Libor) Controversy
London Interbank Offered Rate (Libor) Controversy (June 2008) Presently, there are two issues regarding the London Interbank Offered Rate (LIBOR). First, dollar Libor quotes are considered too high compared to the federal funds rate. Second, elevated Libor quotes are considered too low compared to other market-based interest rates. British Bankers’ Association (BBA) Reaction (bba.org.uk) The