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Brooklyn Bridge and the downtown Manhattan skyline in New York City

Charles Schwab Corp. alleges 16 banks artificially suppressed the LIBOR rate between August 2007 and May 2010

The roadmap aims to provide a single point of reference

The claim alleges the banks suppressed the CDOR by making artificially lower interest rate submissions

Twenty banks have agreed to continue supporting the financial benchmark until the end of 2021

FSB publishes progress report

LBMA Silver Price to start on Oct. 2

Efforts to replace existing financial benchmarks, follow from a widespread market manipulation scandal

The rules set out standards for both benchmark administrators and contributors

The benchmark administrator has made “very significant progress,” with most of IOSCO’s recommendations, but room for improvement remains

Various RBS traders attempted to manipulate the U.S. dollar version of the global benchmark for interest rate products