3. Fuzzy Math
What has emerged from this in terms of policy suggestions is that any rate which is based on estimates rather than actual financial transactions is highly dubious.
— Justin O'Brien, director of the center for law, markets and regulation at the University of New South Wales in Sydney, on why banks across the globe are pulling out of interest rate setting panels, similar to Libor
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio