LIBOR Market Manipulation
Peter Eisenhardt
30 years: Capital markets & investment banking
Peter explains how some traders submitting LIBOR rates were colluding to manipulate rates to suit their positions and generate huge profits.
Peter explains how some traders submitting LIBOR rates were colluding to manipulate rates to suit their positions and generate huge profits.
LIBOR Market Manipulation
2 mins 35 secs
Overview
Banks submitting rates for LIBOR colluded to suit their own positions, leading to regulatory reforms.
Key learning objectives:
Outline the initial reforms in the UK and Europe
Learn why banks manipulated LIBOR
Summary
Expert
Peter Eisenhardt
Peter has over 30 years experience working in banking. He has held several senior positions in international investment banks. Peter is now the Secretary General of the International Council of Securities Associations
16:07
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