Free Trial

Global Investor Magazine Copying and distributing are prohibited without permission of the publisher

Libor investigations

29 May 2012


Libor allegations will could end up in court, says David Seidel

Read more: David Seidel

Libor, a benchmark for contracts totaling more than $350trn, may not the only interbank interest rate subject to allegations of manipulation and collusion in relation to rate-setting – investigations have progressed but in London.

Similar allegations have been made against Tibor and Euribor. Governmental investigations are underway in a number of jurisdictions – the UK, US, Japan, Canada and Switzerland to name but a few –but investigations are still at an early stage.

The allegations are serious and, if proven true, reveal serious flaws within the banking system –...