TOKYO (Reuters) - Japan has proposed basing benchmark interest rates on actual trades as part of global efforts to improve the transparency of this process following a series of rate-fixing scandals.

TOKYO (Reuters) - Japan's banking industry group said on Friday it will tighten monitoring of how its interbank lending rates are set, responding to growing public distrust in benchmark rates around ...

It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark. By Joe Rennison The arduous, decade-long process to end the financial system’s ...

The cost of three-month dollar loans between banks fell to a new record low Monday in a further sign that credit markets are recovering after being paralyzed during the financial crisis. A gradual ...