From The Economist
''THESE are nervy times for price-fixers. Banks that allegedly manipulated
LIBOR, an interbank interest rate, are awaiting their punishment. At
$800 trillion, the market is the largest ever to have been rigged. Fines
to follow that imposed on Barclays in the summer are expected soon for
other rate-fixing banks; this week saw the first arrests connected with
the LIBOR scandal. Other cartels also have reason to be jumpy. The LIBOR
case provides a good example of how competition authorities can use
price data to scan markets, quickly spotting even small-scale collusion.''
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