Tuesday, July 10, 2012

Reddy`s Libor reckoner

The Libor rate-fixing scandal erupted on June 27, when the UK's Financial Services Authority (FSA) imposed the equivalent of a $450-million fine on Barclays Bank. There's someone in India who knew about the scandal at least three days earlier. Y Venugopal Reddy, former Reserve Bank of India Governor, was delivering the Per Jacobsson Foundation Lecture at the Bank of International Settlements in Basel, Switzerland.......

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