British bankers association libor rate history
Under the leadership of the British Bankers' Association (BBA) a number of steps were taken from 1984 onwards which led in 1986 to the publication of the first LIBOR interest rates (bbalibor). LIBOR panel banks As has already been indicated, LIBOR is an average interest rate at which a selection of banks will lend one another funds. It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bba libor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world. Learn more about the London Interbank Offered Rate (Libor), including how it works, how it affects you, history, and the recent scandal. Learn more about the London Interbank Offered Rate (Libor), including how it works, how it affects you, history, and the recent scandal. The British Bankers’ Association (BBA) is the primary trade