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Write-up Homework
LIBOR rigging has been reported in the press. Please read the following Wall Street articles on LIBOR rigging along with your own investigation. Then write a report including the responses to the questions:
(1) What happened in the LIBOR?
(2) What were reported as a motivation of LIBOR rigging?
(3) Anyone or institutions penalized for the rigging?
(4) What would be the fate of LIBOR?
The write-up homework will be within 2 pages maximum.
Wall Street Journal articles:
Rain Man in Trouble By David Enrich.
Phase Out Libor? Not So Fast, Bankers Say By Ben Eisen.
ECB Set to Publish New Overnight Lending Rate By Todd Buell.
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