Jump to ContentJump to Main Navigation
Holding bankers to accountA decade of market manipulation, regulatory failures and regulatory reforms$
Users without a subscription are not able to see the full content.

Oonagh McDonald CBE

Print publication date: 2019

Print ISBN-13: 9781526119438

Published to Manchester Scholarship Online: September 2019

DOI: 10.7228/manchester/9781526119438.001.0001

Show Summary Details
Page of

PRINTED FROM MANCHESTER SCHOLARSHIP ONLINE (www.manchester.universitypressscholarship.com). (c) Copyright Manchester University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MSO for personal use.date: 17 June 2021

Manipulation abounds

Manipulation abounds

Chapter:
(p.53) Chapter 3 Manipulation abounds
Source:
Holding bankers to account
Author(s):

Oonagh McDonald

Publisher:
Manchester University Press
DOI:10.7228/manchester/9781526119438.003.0003

This chapter charts the loss of faith in LIBOR that began to set in during the Financial Crisis, particularly following two articles in the Wall Street Journal. Investigation by the regulators subsequently revealed that a number of early warnings had been overlooked, and that certain banks had been distorting rates since at least 2005. Drawing on FSA reports, the chapter demonstrates the day-to-day manipulation practiced by traders at Barclays, the Royal Bank of Scotland and UBS.

Keywords:   LIBOR, Wall Street Journal, Barclays, Royal Bank of Scotland, UBS, Financial Conduct Authority, Financial Standards Authority, Commodity Futures Trading Commission

Manchester Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.