PETALING JAYA: The chances of interest rates on the Kuala Lumpur Interbank Offered Rate (Klibor) being manipulated is quite remote compared with interbank offered rates in other jurisdictions as it is closely tied to the overnight policy rate (OPR) coupled with the ample liquidity in the banking system, according to industry observers.
Nevertheless, they agree that continuous monitoring of the Klibor and whatever rules that may be implemented to govern it is essential to ensure the effectiveness and integrity of the local interbank market.