Things are really spicing up over at the BBA, what with Libor on trial for its misbehavior and global banks being taken to task by the London-based trade group for, perhaps, encouraging it. Has manipulation now become so rampant that the benchmark interest rate for $62 trillion of credit derivatives and mortgages requires an overhaul? One examination of the key questions – and their likely answers.
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British Bankers Association: Not As Dry As You Might Think |
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