The London Inter-Bank Offered Rate was an interest rate average calculated from estimates submitted by the leading banks in London. Each bank estimates what it would be charged were it to borrow from other banks. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world. Libor was phased out at the end of 2021, and market participants are being encouraged to transition to risk-free interest rates such as SOFR and SARON.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$2.919 trillion as of December 2023. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales and offers 24-hour telephone and online banking services.
Marcus Ambrose Paul Agius is a British financier and former group chairman of Barclays.
First Bank of Nigeria is a multinational bank and financial services company with headquarters in Lagos, Nigeria. First Bank was founded in 1894, by Sir Alfred Jones, but is currently owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
Salaam Said Al Shaksy is chairman of Oman Housing Bank.
Sir Paul Tucker is a British economist, central banker, and author. He was formerly the Deputy Governor of the Bank of England, with responsibility for financial stability, and served on the Bank's Monetary Policy Committee from June 2002 until October 2013 and its interim and then full Financial Policy Committee from June 2011. In November 2012 he was turned down for the position of governor in favour of Mark Carney. In June 2013, Tucker announced that he would leave the Bank of England, and later that he would be moving to Harvard. He was knighted in the 2014 New Year Honours for services to central banking. His first book, Unelected Power, was published in May 2018 and his second book, Global Discord was published in November 2022.
Anthony Howe Browne is a British politician who was the Member of Parliament (MP) for South Cambridgeshire from the 2019 general election until the dissolution of the 58th Parliament in May 2024. He was appointed the Parliamentary Under Secretary of State of Transport, responsible for aviation, decarbonisation and the future of transport in November 2023. He is a member of the Conservative Party.
Sir Derek Wanless was an English banker and an adviser to the Labour Party.
Macquarie Group Limited, known more commonly as Macquarie Bank, is a global investment banking and financial services group providing banking, financial advisory and investment, and funds management services, to institutional, corporate, and retail clients and counterparties, around the world, headquartered in Sydney and listed in Australia. Macquarie Bank employs more than 20,000 staff across four operating groups in 34 markets and its Investment Banking division is Australia's top ranked mergers and acquisitions adviser with more than A$871 billion in assets under management and is the world's largest infrastructure asset manager.
Andy Hornby is an English businessman, currently chief executive of The Restaurant Group, a British chain of restaurants and public houses.
Robert (Bob) Wigley, OStJ, BSc, HonDBA, FCA, CCMI, is Chairman of UK Finance, a Non Executive Director of R3 LLC and Lightico Ltd, an Executive Member of Seraphim Space Enterprise LLP and is an investor, entrepreneur and philanthropist. He is an Honorary Professor of King's College London in the Digital Futures Institute. He is author of a book about the effects of technology on Gen Z, Born Digital: The Story of a Distracted generation. He is a non-executive director of the Qatar Financial Centre. He was a Founding Global Britain Commissioner during its life, is a member of the Trade Advisory Group for Financial Services at the Department for International Trade and a member of the UK's Economic Crime Strategic Board at the Home Office, co-chaired by the Home Secretary and Chancellor. He is a member of the UK's Economic Security Public Private Forum Chaired by the Deputy Prime Minister and Secretary of State for Business and Trade.
Andrew George Haldane is a British economist who worked at the Bank of England between 1989 and 2021 progressing to the role of chief economist and executive director of monetary analysis and statistics. He resigned from the Bank of England in June 2021 to become chief executive of the Royal Society for Arts. He sits on the UK's government's Economic Advisory Council.
Sir Hector William Hepburn Sants is a British investment banker. He was appointed chief executive officer of the Financial Services Authority in July 2007 and stepped down in June 2012. He took up a new position with Barclays Bank at the end of January 2013, but resigned from the bank on 13 November 2013.
Bulent Şenver is a Turkish banker and lecturer in finance.
Financial regulation in Australia is extensive and detailed.
Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
The Libor scandal was a series of fraudulent actions connected to the Libor and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. The scandal arose when it was discovered in 2012 that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives. It is currently administered by Intercontinental Exchange (ICE), which took over running the Libor in January 2014.
Aldermore Bank plc is a retail bank which provides financial services to small and medium-sized businesses and personal customers. It was founded in 2009 and listed on the London Stock Exchange in March 2015. It was a constituent of the FTSE 250 Index until it was acquired by South African banking conglomerate FirstRand in March 2018.
António Pedro dos Santos Simões is a financial services executive. He joined Legal & General as group chief executive in January 2024, succeeding Nigel Wilson.
