Analysis: Libor manipulation evolved into common practice

11/20/2012 | Reuters

By steps and stages, manipulation of the London Interbank Offered Rate to profit on derivatives had become standard practice by the mid-2000s, industry experts say. However, the tale of how the practice grew began in the 1990s, when CME Group's popular Eurodollar contract provided a forum for betting on interest rates.

View Full Article in:


Published in Briefs: