2015 | OriginalPaper | Buchkapitel
Libor Scandal, Derivatives, Gold Deceits, and the ETFs
verfasst von : Dimitris N. Chorafas
Erschienen in: Business Efficiency and Ethics
Verlag: Palgrave Macmillan US
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Libor stands for the London Interbank Offered Rate, which has been, for years, a generally accepted interest rate benchmark. Unveiled in 2012, the scandal associated with it caused turmoil in the financial industry and it was censured by the Bank of England, the New York Federal Reserve, and other central banks. What started as a misdemeanor with Barclays developed into a wide conspiracy with commercial and investment banks forced into costly settlements.