Authors:

  • Jeremy Stein

Excerpt

Libor Needs More Competition. Jeremy Stein, July 22, 2014, Opinion. "Two years after news broke that traders at the world's largest banks had been manipulating interest-rate indicators used to value hundreds of trillions of dollars in securities and derivatives, a crucial question remains: How can we restore confidence in benchmarks on which the financial system depends the way the rest of us depend on tap water? Today, an international group of regulators known as the Financial Stability Board issued two reports -- to which we contributed -- that offer what we see as viable answers..." Link Verified October 11, 2014