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.
Executives' Global Network is an independent, professional network for business executives. EGN is the only network to offer knowledge sharing across disciplines, industries, management levels and national borders.
Who is John Smyth QC? John Smyth QC was head of the Irwine Trust, a Christian charity closely linked to a church that ran summer camps in the late seventies. He is accused of administering tens of thousands of lashes with a garden cane, supposedly to purge them of minor sins such as masturbation and pride.