4 ms·
I disagree. Was Hayes acting solely on his own behalf, or on theirs as well? Were these or other attempts to manipulate Libor sanctioned by UBS? From another ar
by marcusgarvey 11y ago
I disagree. Was Hayes acting solely on his own behalf, or on theirs as well? Were these or other attempts to manipulate Libor sanctioned by UBS? From another article:
"The document [that Hayes points to] instructs Libor submitters to clear their judgements on the rate with certain named traders. Defence lawyer Neil Hawes last week suggested the traders held derivatives positions dependent on Libor."
http://www.risk.net/operational-risk-and-regulation/news/2417331/hayes-ubs-libor-guide-proves-bank-threw-him-under-the-bus http://www.risk.net/operational-risk-and-regulation/news/241...