But then scandal hit with the revelation in 2012 that banks were artificially controlling the rate, including by reporting borrowing rates at levels that would benefit their swap traders, and make banks look more insulated from risk than they were. Safeguards were few, and the system, which relied on banks to simply report what rates they would charge, basically left the mice guarding the cheese.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Bloomberg, Ant Digital Technologies has...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Japan Post Bank is moving toward a...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A Bitcoin-focused company based in Paris wants...
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A growing number of experts warn that...
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