Gaois

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  1. FINANCE|financing and investment

    #649689

    IATE #3547606
    calaois LIBOR Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    LIBOR fraud | LIBOR manipulation | LIBOR scandal
    en
    Definition overstating or understating of Libor rate submissions by banks in order to manipulate the London interbank offered rate (Libor), so as to profit from trades, or to give the impression that they are more creditworthy than they actually are Reference "COM-EN, based on: ‘Libor – what is it and why does it matter?’, BBC News, Business, 18.12.2012. http://www.bbc.com/news/business-19199683 [22.09.2014]"
    Comment "During the financial crisis, certain banks appear to have consistently manipulated Libor to show lower-than-real borrowing rates to convince the world — and their regulators — that they were stronger than they really were. In other words, they rigged the interest-rate reports so that no one would know exactly how much trouble they were in. See also London Inter-Bank Offered Rate (broader) [ IATE:1464918 ]"
    manipulation du LIBOR
    fr