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People Risk Management

Managing the Risk of People Making Bad Decisions

Month: May 2015

How many Traders does it take to change a LIBOR?

Posted on May 27, 2015May 27, 2015 by pjmcconnellrisk

Almost 10 years after the manipulation of the LIBOR benchmark was first detected to have happened (although there is ample evidence that misconduct had been going on for years prior to that) the first LIBOR trader, Tom Hayes, appeared in court this week [1].

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