ABU DHABI / WAM The Abu Dhabi Department of Education and Knowledge (ADEK) has launched ...
Read More »Time to subject Libor to some stiffer competition
In 2012, the London interbank offered rate — Libor — gained worldwide notoriety when it emerged that traders had conspired to manipulate this vital financial benchmark. Clearly, the system was broken and would have to be mended. Four years later, the repairs aren’t finished. Given the stakes, regulators are right to tread carefully. That said, they need to start ...
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