@NYPostOpinion Gary #Gensler's #CFTC started the #Libor investigation,never spoke to #BBA/@bankofengland or investigated the product, then started to leak to the press false spin. NO investigation. Made wrong assumptions, then extorted settlements from banks for w/in rules conduct
“The decision by the #antitrust regulator would mark a rare rebuke for #banks and traders in #Mexico, where jail time for financial crimes is extremely rare and fines are relatively small. Mexico lagged behind other countries nearly a decade ago...” #competition #LIBOR #FOREX
A pretty boring one by all accounts. Lots of expectations on the big #Libor transition news expected on Monday with @federalreserve following on Wednesday.
@POTUS off to a strong start at the new job. Let's see if he can surprise markets like his predecessor.
We found the evidence. But lets face it, people needed #Deutschebank scalps. #FBI/ #DOJ had to produce someone. As a federal attorney wrote to me, "Don't take it personal, you just lost the #Libor lottery." Funny how they all know how it really works and just accept the corruption
#LIBOR transition necessitates a review of documents on a scale previously unknown. Which means firms automating their document review for LIBOR can take a giant leap forward with their digital transformation efforts.
Read more in the @ArtificialLawya: .
How can you adapt to the continuing impact of #COVID-19 #Brexit? How has the transition from #LIBOR been affected? The ACT Cash Management Conference powered by @Barclays will answer this more on 23-24 Feb. View the agenda and book now #actcashmanagement21
Arising from a potential loan documentation mistake, @cineworld via its legal advisor @Kirkland_Ellis has refused to pay an additional 1% interest in the form of #LIBOR and EURIBOR floors on the first lien term loans due 2025. Read more: . $CNNWF
Hello: "New York Governor Andrew Cuomo has proposed legislation that would help prevent hundreds of billions of dollars of financial contracts from descending into #chaos when the London interbank offered rate expires" The @federalreserve is sooo wrong on #LIBOR 😬😨😭
@ChrisDolmetsch @markets @bankofengland Geithner tried
"To..enhance perceptions of the #BBA as an objective intermediary in the rate-setting process,we recommend greater transparency..to the financial relationships between the BBA and the panel banks,and..the BBA’s financial interests in #LIBOR"
@ChrisDolmetsch @markets @bankofengland When you see who & how all the #LIBOR licensing $$$/£££ was dispersed you kinda get a greasy feeling like you need to take a fucking shower... Especially up against these 2005-2007 secret notes describing the corruption. #UK's/ #BOE/ #BBA/ #FCA dirty secret.
@ChrisDolmetsch @markets #Libor going nowhere anytime soon. Still millions and millions ££$$ for the lawyers to bleed people dry. Libor should have been abolished in 2000, it was already a @BankofEngland/ #BBA dumpster fire back then. #UK hid the warts, took all the licensing money for it..here we are.
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