The International Accounting Standards Board (IASB) and GASB took action Thursday to support financial statement preparers during the uncertainty arising from the phasing out of interest rate ...

Hong Kong's de facto central bank said it is investigating possible misconduct by UBS over its submission of interbank rates, raising the possibility that the bank could face more fines a day after it ...

The cost of three-month dollar loans between banks fell Friday, a day after the Group of 20 world leaders agreed to help struggling countries with extra funds and to regulate financial markets more ...

Hong Kong is looking to change the way it sets benchmark lending rates, following a review sparked by the Libor scandal that rocked the financial industry earlier this year. The Hong Kong Association ...

Banks including KCB, Equity, Absa, NCBA and DTB have issued notices that they will be using CBR as their reference rate ...

TOKYO (Reuters) - Japan has proposed basing benchmark interest rates on actual trades as part of global efforts to improve the transparency of this process following a series of rate-fixing scandals.

The cost of three-month dollar loans between banks fell to a new record low Monday in a further sign that credit markets are recovering after being paralyzed during the financial crisis. A gradual ...