Interbank Rate Authority

From Open Risk Manual

Definition

Interbank Rate Authority. An interest rate authority responsible for setting the interbank rate

This is announced by the relevant central bank or other authority at intervals following a meeting of the relevant policy group or committee.

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.