LIBOR and the integrity of the City of London | AccountingWEB

LIBOR and the integrity of the City of London

Isn't the main issue from the LIBOR furore that senior people at Barclays (whom one would expect to know what they are talking about) believed that over a lengthy period other banks - perhaps the majority of other banks - were submitting LIBOR figures which were misleading and did not represent genuine transaction rates of those banks.

In effect Barclays are saying they believed the generally quoted LIBOR rates were fiction.

What does that say for the integrity of the City of London?


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Fit & Proper

bobhurn |

Not a lot!

ShirleyM |
ShirleyM's picture

the whole thing is a nonsense

carnmores |

Politicians in awe of the money men ...

JC |

@JC that really wont work and is unfair

carnmores |

Lots of things are unfair in life ...

JC |

oh that old canard about their working hours

carnmores |

explain ...

JC |

@jc...mansion tax is not a bad idea....

justsotax |


thisistibi |
thisistibi's picture

SFO investigation

davidwinch |
davidwinch's picture