Bloomberg News

U.S. Regulators to Brief Congressional Staff on Libor Probes

July 24, 2012

U.S. regulators will brief congressional staff July 30 on oversight of the London interbank offered rate, according to a notice circulated to House Financial Service Committee staff members today.

Representatives from the Treasury Department, Federal Reserve, Federal Reserve Bank of New York, Securities and Exchange Commission, Office of the Comptroller of the Currency and Commodity Futures Trading Commission will head to Capitol Hill to brief the committee staff on “regulatory oversight of Libor,” according to the notice obtained by Bloomberg News.

The briefing announcement comes one day after two Barclays Plc (BARC) employees briefed the committee’s staff on the bank’s $452 million settlement for attempted manipulation of the rate.

To contact the reporter on this story: Gregory Mott in Washington at gmott1@bloomberg.net

To contact the editors responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net; Steven Komarow at skomarow1@bloomberg.net; Chris Wellisz at cwellisz@bloomberg.net


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