Relevant:
- Bank of England: "We Deferred To The Bankers" on Geithner LIBOR Warning
- Tim Geithner's Libor Recommendations Came Straight From Banks, Documents Show
- Sir Mervyn King called Libor review 'wholly inadequate', new emails show
- Tim Geithner "Aided and Abetted" LIBOR Crimes: Jim Rickards
- Geithner Tried to Curb Rate Rigging in 2008
2012-12-19 — gata.org
The emails from Hayley Boesky to Mr Geithner -- with three senior colleagues, Meg McConnell, Matthew Raskin, and William Dudley, copied in -- are among unreported emails seen by the FT that show New York Fed officials linking the incentive for banks to misreport borrowing rates to the bank's derivatives positions.
The plea by Ms Boesky, sent a few days before Mr Geithner made Libor reform recommendations to Sir Mervyn King, governor of the BoE, is perhaps the first indication that senior US officials suspected traders may have been influencing banks' Libor submissions.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
