well anybody who read the FT should have known about it back then.
the great redacto
One can almost hear the conversation: “Hello, FSA. What’s that? Barclays fixing Libor, did you say? Others too? Good gracious, I’m astounded such a thing could happen. Are you sure something needs to be done about…oh, very well then…”
Gareth
Perhaps some of this is down to simple words – if a chap from the BoE rings up and says ‘We need to fix Libor’ does he mean mend the way it is calculated or stabilise the figure?
well anybody who read the FT should have known about it back then.
One can almost hear the conversation: “Hello, FSA. What’s that? Barclays fixing Libor, did you say? Others too? Good gracious, I’m astounded such a thing could happen. Are you sure something needs to be done about…oh, very well then…”
Perhaps some of this is down to simple words – if a chap from the BoE rings up and says ‘We need to fix Libor’ does he mean mend the way it is calculated or stabilise the figure?