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The BOE - and possibly other authorities - declined a request from the British Bankers...

The BOE - and possibly other authorities - declined a request from the British Bankers Association in 2008 to formally take part in supervising the setting of the Libor rate, the BBA said on Friday. This was despite - as a trove of emails show - the bank being aware of a "longstanding perception that Libor...is open to distortion."
Comments (3)
  • bbro
    , contributor
    Comments (10234) | Send Message
     
    EDSF....
    22 Jul 2012, 04:18 AM Reply Like
  • bbro
    , contributor
    Comments (10234) | Send Message
     
    If the financial media can't explain what EDSF is then they don't really
    know what they are talking about....
    22 Jul 2012, 04:23 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Interesting times we live in.

     

    When a private sector bank does something wrong or appears to do something wrong then there are 300 comments and people with burning torches and pitchforks.

     

    When government does something wrong it is crickets.

     

    Government is much bigger than any of these private companies so their impact is much greater and should receive much more scrutiny and by extension it will also clean up a lot of the private sector issues. That is the sheriff cannot be hanging out at the brothel on the backside of town and then walking on mainstreet and arresting hookers.
    22 Jul 2012, 10:07 PM Reply Like
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