extrait : "The Wall Street Journal reports that UBS has admitted to Canadian regulators that between 2007 and 2010, some of its traders and cash brokers conspired to manipulate the London interbank offered rate, also known as Libor. This is the rate that banks use to lend to each other, and it is essentially the backbone of half the world’s fixed-income market"
Et qui fixe le LIBOR ?
extrait : "Every morning at 11 a.m. in London, panels organized by the British Bankers’ Association set the rate for 10 currencies, with a separate panel assigned to each currency. The reports alleging manipulation by UBS involve the 16-bank panel responsible for setting the Libor rate for the yen. Traders at JPMorgan, Citigroup, HSBC, Deutsche Bank, and RBS were also allegedly involved in manipulation efforts. All six banks are on the yen Libor panel. "
C'est donc humain, le cadre permet de conspirer sur les taux LIBOR sur lesquels s'appuient nombre de transactions financières mondiales. Et donc c'est le cadre qui doit être remis en cause. Qui fixe ce cadre? Les politiques.
Posted on 19-February-2012 19:22 | Category: France | comment[0] | trackback[0]