Valentina
Thu Sep 26 2024
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7 answers
1242
Is the LIBOR illegal?
Could you please clarify whether the LIBOR, or London Interbank Offered Rate, is considered illegal in any way? There have been allegations in the past regarding manipulation of the rate, but does this automatically Render it unlawful? Additionally, have there been any legal proceedings or regulatory actions taken against those involved in such manipulations, and if so, what were the outcomes? Furthermore, are there any ongoing investigations or reforms being implemented to ensure the integrity and transparency of the LIBOR and similar benchmarks?
Giulia
Tue Sep 17 2024
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7 answers
1733
What is a Libor swap?
Could you please explain to me in simple terms what a Libor swap is? I've heard it mentioned in the context of financial transactions, but I'm not entirely clear on how it works. Is it a type of derivative? How does it differ from other swaps? And what role does it play in the broader financial market? I'd appreciate any insights you could provide on this topic.
JejuSunshineSoul
Mon Sep 16 2024
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7 answers
1370
Why is LIBOR no longer used?
Could you please elaborate on the reasons behind the discontinuation of LIBOR? It seems to have been a widely-used benchmark for interest rates in the financial industry for decades. What specific issues or challenges led to its eventual demise? I'm curious to understand the underlying factors that contributed to this significant change in the market.
