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Libor Law

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Stephen Gilchrist published in the Daily Law Newsletter

Banks may be forced to help compile key interest rates such as Euribor under a draft law EU financial services chief Michel Barnier will propose later this year to help clean up benchmark rates that several lenders have rigged. Elsewhere, the Independent carries a letter from Stephen Gilchrist of Saunders Law. Mr Gilchrist says he bets a dime to a dollar that RBS's fine for Libor rigging will be met with another blank taxpayer's cheque despite the bank's insistence that it will be paid by way of bonus clawbacks.

The Times, Business, Page: 53 Evening Standard, Page: 49 The Independent, Letters, Page: 40

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