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Manipulating Libor was completely illegal, and whilst banks have been fined, where are the individual prosecutions?
by coob 13y ago
Manipulating Libor was completely illegal, and whilst banks have been fined, where are the individual prosecutions?
- dev_jim 13y agoThere have been prosecutions in the US and UK.
- nazgulnarsil 13y agoRead the Gervais Principle. You don't get to the top by leaving a trail of document-able shady decisions.
- ig1 13y agoThe Serious Fraud Office has said it's individual prosecutions will be announced in the next few months.
- fidotron 13y agoLibor is just structurally insane, and basically designed for abuse. This isn't to say that they should be absolved of responsibilities, but Libor (and equivalents elsewhere) should be redesigned to reduce the opportunities for collusion.