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Libor Scandal, Derivatives, Gold Deceits, and the ETFs

In: Business Efficiency and Ethics

Author

Listed:
  • Dimitris N. Chorafas

Abstract

Libor stands for the London Interbank Offered Rate, which has been, for years, a generally accepted interest rate benchmark. Unveiled in 2012, the scandal associated with it caused turmoil in the financial industry and it was censured by the Bank of England, the New York Federal Reserve, and other central banks. What started as a misdemeanor with Barclays developed into a wide conspiracy with commercial and investment banks forced into costly settlements.

Suggested Citation

  • Dimitris N. Chorafas, 2015. "Libor Scandal, Derivatives, Gold Deceits, and the ETFs," Palgrave Macmillan Books, in: Business Efficiency and Ethics, chapter 7, pages 141-162, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-48425-3_7
    DOI: 10.1057/9781137484253_7
    as

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