It is the primary benchmark, along with the Euribor, for short-term interest rates around the world. Libor rates are calculated for 5 currencies and 7 borrowing periods ranging from overnight to one year and are published each business day by Thomson Reuters. Many financial institutions, mortgage lenders and credit card agencies set their own rates relative to it.
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DEFINITION of 'Regulation E'. A regulation set forth by the Federal Reserve. Regulation E outlines the rules and procedures for electronic funds transfers (EFTs) and outlines guidelines for those who sell and issue electronic debit cards. Rules pertaining to consumer liability for unauthorized card usage fall under this regulation as well. Next Up.