Recent Financial Sector Conspiracies and Manipulations: How to Prevent Future Similar Conduct?

By Rosa M. Abrantes-Metz –

While investigations into Treasury auctions, FX, ISDAfix, and others are still ongoing, and more recently additional focus by regulators has been given to possible collusion and manipulation in bid-ask spreads in bonds for supranational, sub-sovereigns and agencies bonds markets, bid-ask spreads in foreign exchange, and maybe even other spreads manipulations in other markets, we should learn the lessons from LIBOR and other benchmarks. We must recognize