Read my latest Oxford University Press blog post on how a well-earned lack of trust in our policy makers undermines the economy.
See a my post on Libor on the Oxford University Press blog, where I will be a regular monthly contributor.
See my op-ed on reforming Libor in the Wall Street Journal (login required).
The International Organization of Securities Commissioners (IOSCO) published a report this week calling for the London interbank offered rate (Libor) and other such benchmark interest rates to be tied more closely to actual transactions. Sadly, the proposal does not go far enough. I have written about Libor on a number of occasions (see here, here, … Read more
It was reported this week that Bucknell University has been providing inflated information on the SAT scores of its incoming students for several years. The news follow similar revelations in recent months about a number of universities, including George Washington University, Emory University, and Tulane University Business School. The news puts these elite universities in … Read more
Last Friday, a top British top financial regulator issued a report suggesting numerous reforms to the London Interbank Offered Rate (Libor). Libor, a benchmark interest rate that affects more than $300 trillion in financial transactions, is constructed from the cost of funds estimates submitted by a handful of large banks. This summer, e-mails surfaced showing … Read more
See my reaction to the Wheatley Report at Law360.com.
Follow this link for an interview with Greg Field at NerdWallet.com.
Most of us spend more time thinking about the latest London Olympics results than the scandal surrounding the London InterBank Offered Rate, or Libor. That is a big mistake. We should be paying more attention to the Libor scandal. And we should be terrified. The public has been so fatigued by the flood of awful … Read more
Here are a couple of recent musings on Libor. “Bankers Should Take A Lesson From The Mob,” was slated to appear in today’s Hartford Courant. “5 Questions With . . . Richard Grossman on the Libor Scandal,” an interview with Lauren Rubenstein, appeared in the Wesleyan Connection a few days before.