Holding Bankers to Account - A Decade of Market Manipulation, Regulatory Failures and Regulatory Reforms McDonald OonaghPevná vazba
Of all the scandals to emerge from the financial crisis of 2007-08, the rigging of interbank interest rates by traders at Barclays, RBS, Deutsche Bank and others is perhaps the most cynical and…
Specifikacia Holding Bankers to Account - A Decade of Market Manipulation, Regulatory Failures and Regulatory Reforms McDonald OonaghPevná vazba
Of all the scandals to emerge from the financial crisis of 2007-08, the rigging of interbank interest rates by traders at Barclays, RBS, Deutsche Bank and others is perhaps the most cynical and shocking. Yet for many people, the nature of these interest rates, their history and the means by which they were manipulated remain unclear.In this book, Oonagh McDonald provides the most comprehensive account of the scandal yet written. Beginning with a brief history of banking regulation in the UK, she explains the origins of the different rates or 'fixes' - LIBOR, FOREX and precious metals - showing how they emerged from London's establishment as a global financial centre in the nineteenth century. She then presents the evidence for manipulation, drawing on documents from financial regulators as well as the traders' own, frequently colourful exchanges. Finally, she