Yanked from Obscurity: Why Finance Experts Are Rethinking LIBOR
Jun 11, 2008•11 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
First U.S. Bankers raised questions about how the daily London Interbank Offered Rate was calculated and then The Wall Street Journal demonstrated that the rate was inexplicably diverging from what the data suggested it ought to be. Getting it right is important because LIBOR is the basis for many kinds of loans. The British Bankers Association says it will make changes.
Hosted on Acast. See acast.com/privacy for more information.
For the best experience, listen in Metacast app for iOS or Android