Japan Bank Lobby To Consider Review Of Tibor Reference Banks

The Japanese Bankers Association is considering a review of as many as 16 banks to confirm that they are following the lobbying group’s guidelines for submitting yen-denominatedTokyo interbank offered rates.

As many as 15 reference banks may be reviewed for how they submit their euro-yen Tibor rates, said Hisanao Aoki, a spokesman for the association.

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