The Libor scandal: The challenge with an outdated and widely unused benchmark
Barclays' recent admission to manipulating Libor elevated the debate about this once-obscure but widely used benchmark interest rate.
Barclays' recent admission to manipulating Libor elevated the debate about this once-obscure but widely used benchmark interest rate. This white paper from Invesco explores the origin of Libor - why it was created and by whom - and discusses why its structural flaws left it vulnerable to possible wr
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